Option Strategy of the Day | Bearish sentiment in Bajaj Finance; use bear spread for downside
Along with breakdown, Bajaj Finance stock has slipped below its short and long-term moving averages.
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Along with breakdown, Bajaj Finance stock has slipped below its short and long-term moving averages.
Reliance stock faces a minor hurdle around the Rs 3,000 level, which, once surpassed, could take it to Rs 3,100 levels, says an analyst
Axis Bank derivative data aligns with the prevailing bullish chart structure. Sudeep Shah of SBI Securities recommends bull call spread.
Recently stock has reversed from the lower end of the falling channel. Today it has moved beyond its 20DMA and 40DMA levels, hence 9600 levels are immediate support levels technically, said Jay Thakkar.
On daily scale, Tata motors has given rising channel breakdown backed by strong volumes. Along with this breakdown, the stock has slipped below its 20 and 50-day EMA level.