ALLAHABAD BANK HAS FORMED REVERSAL PATTERN AND RIGHT NOW NEAR THE BREAKOUT LEVEL.
BREAKOUT LEVEL - 53.55 (NEED CLOSED ABOVE THIS LEVEL)
TRIGGER LEVEL - AFTER YOU GET BREAKOUT CLOSE TAKE ENTRY 1 TICK ABOVE THE HIGH
STOP LOSS :- CLOSED BASE BELOW 43
TARGET 1:- SUPPLY ZONE 59.90_61.60
TARGET 2:- 66.20 (FIB RET 50%)
R:R MIGHT LOOK UNFAVORABLE BUT THIS TRADE IS HIGH PROBABILITY.
BREAKOUT LEVEL - 53.55 (NEED CLOSED ABOVE THIS LEVEL)
TRIGGER LEVEL - AFTER YOU GET BREAKOUT CLOSE TAKE ENTRY 1 TICK ABOVE THE HIGH
STOP LOSS :- CLOSED BASE BELOW 43
TARGET 1:- SUPPLY ZONE 59.90_61.60
TARGET 2:- 66.20 (FIB RET 50%)
R:R MIGHT LOOK UNFAVORABLE BUT THIS TRADE IS HIGH PROBABILITY.