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
I am in now :)
+1 Reply
NeeteshJain dev_trader
Dev I Wish you have a good one, Regards
dev_trader NeeteshJain
Yeah Neetesh ! Thanks. Still stuck to Engineer India. Didn't follow through because of timings. Sitting on loss. But confident will recover somewhere else. Thanks for suggestion.. It was pin point 😊
+1 Reply
NeeteshJain dev_trader
@dev_trader What went wrong? Because it reached to the target comfortably.
dev_trader NeeteshJain
yes Neetesh. Booked the profit in Orient Bank. Thanks to you. I understood the factor of 'Big Red Candle'. No luck on Engineers India. Its at major support now, let see. Else will cut the loss at 248. what do you say? :)
+1 Reply
when to enter in Orient bank?
+1 Reply
Enter around 121-122 levels with SL 128, Target 115, Risk Reward: 1-1

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