andhrabank looks bearish in short term

the level of 58 played a crucial role in Andhra bank. Initially it acted as a resistance then broken, and gave support in couple of instances, Now as it is broken and price retraced to this level, now it should act as a resistance.

If this crucial level is saved then price may slide down to 54 - 53 levels.


Note: this is not a short selling advice, as fno trading is quite risky.

Komentarz:

andhra bank sliding down, closed at 50.90.

Komentarz:

In weekly, it is at trend line support,

Komentarz:

price reversed from the trend line support in weekly, and moving up smartly,