gnanas
Short

Short with risk:reward of 1:2.5

NSE:ORIENTBANK   ORIENTAL BK OF COM
146 2 1
Short setup created by close near Bollinger upper band followed by bearish candle and price rejection at 152.7 zone. Provides a nice opportunity to short for a target of 143 in the coming week. Conservative traders can take part profits around 149 and 145 mark. Enter Short positions around 152.5 mark.
Trade closed: stop reached
The fibonacci levels are wrong
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Isn't. There is shooting star candle indicating downside

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