Allahabad Bank short setup

Aug 9, 2017

Short ALBK at CMP

SL: 78

Target1: 64
Target2: 58
Target3: 50

Aug 9, 2017

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.

Aug 9, 2017

Trade active

Shorted at 69.5

Aug 10, 2017

Note

So far it made a low of 64.2 (very very close to our 1st target of 64)

Aug 11, 2017

Note

Done with Target1: 64