WaveTalks

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

Long
WaveTalks Updated   
NSE:ORIENTBANK   None
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
​Growth Director - TradingView India

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