Bharatfin ABCD Fibinocci retracement

The stock is ultra bullish and retraced today in hourly chart. If it retraces to 23.5 @865 one can initiate short for a target of 850 to 840 with SL at 880. There is a news of it merging with Indusind bank. will have to see how it pans out.
Trade active: Trade is active
The trade was closed on 29th Aug with target 853...
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