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DeekshantBoolchandani DeekshantBoolchandani ALBK, 60, Long ,
ALBK: ALLAHABAD BANK - BULLISH
80 2 2
ALBK, 60 Long
ALLAHABAD BANK - BULLISH

The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE ...

Mur_Att Mur_Att BANKNIFTY, 60,
BANKNIFTY: BankNifty - Upate to previous Hrly view
98 0 3
BANKNIFTY, 60
BankNifty - Upate to previous Hrly view

The previous hrly view was to look for shorts at around 19750 (spot). Todays move has got that perfect (almost). Now look to book part at 19480-460 levels. If that breaches and sustains, god save the bulls else back top the top.

Mur_Att Mur_Att NIFTY, 60, Short ,
NIFTY: Nifty at Resistance - Demand becomes Supply
121 0 2
NIFTY, 60 Short
Nifty at Resistance - Demand becomes Supply

The demand zone has become a supply zone. Break of the zone would entail short covering else keep shorting at the zone with sl just above and flip on break

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