Bounce in Bajaj HLDG & INV ?

* Bajaj HLDG approaching 200 EMA (5855.30) on Daily time frame

* Monthly RSI above 60
* Daily RSI approaching 40 ( currently at 48)

* Trendline support from 6-7 months

* Entry on positive candle with confirmation

- Looks bearish as of right now but with positive market and positive price action with confirmation on Daily/Hourly time frame would give a good R:R