Short

Updated

OrientBank - Big Red Candlestick

It is been observed that the price action formed a big red candlestick without much wick on daily chart, indicating complete dominance of sellers. It shall further take the price action down to next support levels.

Target: 115
Stoploss: 128

Trade active

Good time to short it again, Regards

Trade active

Trade closed: target reached

Target reached successfully, Regards

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Educational 07: Flag and Pennant Patterns

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Related publications

Educational 07: Flag and Pennant Patterns

Educational 08: Head N Shoulder & Elliott Waves Relationship

Cipla - Burst Downside

HDFC - Bearish Bat Pattern Setup

Coal India - Short Trend Setup

Mcleod Short Setup (Symmetrical Triangle Breakout)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.