abhishekm83
Short

Breaking down below Channel support

NSE:INDIANB   INDIAN BANK
55 views
3
The Price is moving in a channel, though from last few weeks it has been bearish and doesn't seem to have enough strength to bounce back from the channel support.
I would go short if price closes below 270 for a target of 255.
I would go long If the stock closes above 290.



Comment: Price goes above 290 so the stock is back on its upward journey.
Should touch the upper channel line.
Trade active: Moving up to its channel resistance, One can target 340+ from here.
Trade active: Still have some gas? Lets see. :)

Comments

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