Rising Wedge on Indian Bank Short

INDIAN BANKNSE

Description

⋅ Jul 27, 2017 1:29 PM

Rising Wedge pattern on Indian Bank and if the price break the pattern, it leads to hit 295.

Trade:
Short - 309
Target - 295
Stop loss - 317

Reward Points - 14
Risk Points - 8

Trade active

⋅ Jul 28, 2017 4:00 AM

Trade closed: stop reached

⋅ Jul 31, 2017 7:18 AM

Comments

amankavi

⋅ Jul 28, 2017 5:55 AM

Doubt if the scrip is right to be short as it has rebound from 309 levels and is maintaining equilibrium between bid and ask for now

raj3elite

⋅ Jul 28, 2017 6:04 AM

@amankavi, yes as per the pattern, to short 309 after this rebound. now the price having correction and it may touch 313.

amankavi

⋅ Jul 28, 2017 6:13 AM

@raj3elite, true bro for upmove now :)