1. Previously bajaj finance posted really good results but still, it fell 6% in just one day and nowadays we are seeing that stocks after they post their results, are felling down a lot. 2. All the investors in the market are switching from blue-chip stocks to value stocks 3. the global markets are falling heavily and also due to LIC IPO we might see sell-off in the market 4. And the fed might announce an interest hike due to high inflation.
Technical reason 1. the stock is supported by a trendline and it had taken support from it 5-6 times now there is a lot of probability that it might break its trendline. 2. Whenever it breaks the trendline we should go short in the market
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