Andhra Bank – 16.02.2018.

Daily Sentiment: Bearish.

Weekly Sentiment: Bearish.

Trend Strength: Strong

First Target: 36 (channel support)

Inside this channel Bearish trend is very strong and that’s why further fall is more likely.

Close below Minor support would confirm fall towards channel support.

If stock is able to stay above Minor support then rise towards Pivot point is possible.

Close above Pivot point would confirm deeper correction.

To talk about recovery need close above channel first.

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