Long
SHORT TERM PICK : ALBK
ALLAHABAD BANK HAS FORMED REVERSAL PATTERN AND RIGHT NOW NEAR THE BREAKOUT LEVEL.
BREAKOUT LEVEL - 53.55 (NEED CLOSED ABOVE THIS LEVEL)
TRIGGER LEVEL - AFTER YOU GET BREAKOUT CLOSE TAKE ENTRY 1 TICK ABOVE THE HIGH
STOP LOSS :- CLOSED BASE BELOW 43
TARGET 1:- SUPPLY ZONE 59.90_61.60
TARGET 2:- 66.20 (FIB RET 50%)
R:R MIGHT LOOK UNFAVORABLE BUT THIS TRADE IS HIGH PROBABILITY.
BREAKOUT LEVEL - 53.55 (NEED CLOSED ABOVE THIS LEVEL)
TRIGGER LEVEL - AFTER YOU GET BREAKOUT CLOSE TAKE ENTRY 1 TICK ABOVE THE HIGH
STOP LOSS :- CLOSED BASE BELOW 43
TARGET 1:- SUPPLY ZONE 59.90_61.60
TARGET 2:- 66.20 (FIB RET 50%)
R:R MIGHT LOOK UNFAVORABLE BUT THIS TRADE IS HIGH PROBABILITY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.