Andhra Bank is trading in down trend and trading in a channel downward, after multiple false breakout ups and down sides it has been unable to establish the trend either way, it is now at confluence level if open gap up then there will be breakout and it may trade upward with a target of 64.00 in near term if open gap down will trade in channel with target of between 47-48. trader may wait for breakout either way and enter.
Trade active:
Stay Short Andhra Bank with a target of 49.00