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 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.
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.