Crude has retraced almost 100% from previous bottom forming higher high and higher low.
As per pitchfork it is trading within a channel respecting the boundaries.
RSI and STOCH are in overbought region indicating a possible reversal.
55.2 is resistance line.
Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.
The stock has rallied and retraced back. It formed a bearish AB=CD pattern in Daily chart and it is consolidating. Breaking that box will be next move. I speculate it will break downside to 290. One can initiate short with SL at 303 or 306 for a target of 290.
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.