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praveen.bhatiya
Nov 12, 2016 12:49 PM

Mulltiple confluence suttesting a short  Short

BK OF BARODANSE

Description

Although PS Banks moved vertically in last 2 days but the price has reached at Upper medium line of good frequency Pitchfork and getting resistance there. Good trend line was broken and price are touching it from below so another reason to short it here. One can short here with SL of 173.50 on closing basis for a target of 145.
Comments
MKhatri05
I would go with a LONG for a target of 180, which was previous high on November 20, 2016.
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