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Analysis is given in chart.
Probability exists. Awaiting the formation to complete.
Levels mentioned in chart
ALBK Constructing Head & Shoulder Pattern In Daily. Below 38.80 Downside its possible to test 35.30 / 33.50 Levels
look for channel breaktrhough
GOOD SUPPORT AT 39-40
Price been cycling between support and resistance now expecting the price to hit the resistance
Price has been cycling between the suport and resistance, Now expecting price to hit back the resistance which is our take profit
Price has been cycling between the price now looking price to bounce back and hit the take profit.
ALBK is bearish engulfing and with higher than usual volumes. and Fresh Short positions initiated. SELL Alahabad Bank (ALBK) at 43.90 with Stop-loss on closing basis above 46.90 and Target 1 at 40.5 and Target 2 at 35.45
Close above 47.50 its possible to test 54/56 Levels
Watch ALBK for long side
Looks like a 47
TARGET- 46.2, 48.4, 50.6
Everything explained on the chart. This analysis is for study purpose only.