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Short
Updated

Allahabad Bank short setup

198
Short ALBK at CMP

SL: 78

Target1: 64
Target2: 58
Target3: 50
Note
Another way of looking at the setup if head and shoulders pattern on day chart which is not yet complete and doesn't appear like a text book pattern.

But our short trade is already active going by weekly chart trend line breakout.

snapshot
Trade active
Shorted at 69.5
Note
So far it made a low of 64.2 (very very close to our 1st target of 64)

snapshot
Note
Done with Target1: 64
k314
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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.
allahabadallahabadbankChart PatternsTechnical IndicatorsTrend Analysis
k314

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.