the level of 58 played a crucial role in Andhra bank. Initially it acted as a resistance then broken, and gave support in couple of instances, Now as it is broken and price retraced to this level, now it should act as a resistance.
If this crucial level is saved then price may slide down to 54 - 53 levels.
Note: this is not a short selling advice, as fno trading is quite risky.
If this crucial level is saved then price may slide down to 54 - 53 levels.
Note: this is not a short selling advice, as fno trading is quite risky.
Comment:
andhra bank sliding down, closed at 50.90.
Comment:
In weekly, it is at trend line support,
Comment:
price reversed from the trend line support in weekly, and moving up smartly,