Bajaj Auto

Bajaj Auto on hourly charts broke below the triangular pattern. Upper end of that triangle is at 2544 and lower end is 2405 so the difference is 140 points. Targets of that pattern could be around 2300 but i will cover my shorts around 2340 which is a good support level on hourly charts. Stop loss for that trade is 2485.

Disclosure: I am not a SEBI registered technical analyst. Further i am having position in the trade.