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

721 26 12
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
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.
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.

Comment: 19:26 Hrs 21st May2017

Sorry for the wrong chart above
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
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
super call bro.. made money on it.. 4k+
I am holding it from so long 158... hope it will cross 165 in up coming days.
@ashokakbari, No worries - hoping that it is your portfolio stock.
@ashokakbari, Never think to make one night money else it is dangerous. So, decide whether you are a trader or investor.
No issues Abhishek
Well analysed Oriental bank of commerce....

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