AbhishekHSinghCMT
Long

Oriental Bank -Cracks 190 to 155- Profits Locked & Re-enter@158

NSE:ORIENTBANK   ORIENTAL BK OF COM
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12
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Retraced 50% at 155.50 minimum expectation done - can push upside for 187-190 in coming days where where wave-i travels an equality distance to proposed wave v.
155 is psychological level.

Previous Update- Lock your profits with the breakout@172- Sharp fall from 190 to 155
May 16
Trade active: 13:43 Hrs 16th May2017

Last Price@162.20

Started Moving Upside as soon as I posted Oriental -PNB started its blast upside at 171 - trading at 177.
May 21
Trade active: 19:23 Hrs 21st May2017

Last Price@157.70

It is important that OB crosses 165 mark else it can dip below 155 first, where all stops are sitting down.

May 21
Comment: 19:26 Hrs 21st May2017

Sorry for the wrong chart above
Jun 05
Trade active: 08:01 Hrs 6th June2017

Last Price@154

As per last update above - crossing of 165 was important- failed, I raised the alert that going below 155 - psycho level as mentioned was indeed important.

It had a fall to 142 lows

Bulls shall return back in the counter only once 165 is crossed which is key level for us next.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ

Comments

super call bro.. made money on it.. 4k+
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I am holding it from so long 158... hope it will cross 165 in up coming days.
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@ashokakbari, No worries - hoping that it is your portfolio stock.
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@ashokakbari, Never think to make one night money else it is dangerous. So, decide whether you are a trader or investor.
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No issues Abhishek
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Well analysed Oriental bank of commerce....

Was a great catch yesterday around 155
Reply
Excellent analysis Abhishek...
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My view :
On weekly chart its showing shooting star pattern , Staying away , wait and watch
Reply
@neneram, Which week candle as shooting star pattern?
Reply
neneram AbhishekHSinghCMT
Reply
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