Syndicate Bank
Syndicate bank which i recommended for short term trade earlier
Is now broke the support of 98 on closing basis and same the time it also broke down from a head and shoulder pattern neck line of which is also around 98. Technical targets of that pattern are around 77 which is also the support mentioned in previous post.
Syndicate bank now became a sell on every rise towards 98 with a stop loss of 105 for a target of 78.
Disclosure: I am having some position in the above mentioned trade.
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