There was an entry to go SHORT on ALLAHABAD BANK’s stock. The entry was at Rs165.81 and the initial stop for the trade was Rs.171.90. The risk of Rs6.09 per share. Profit has already been locked in at Rs.161.90. The next target for the price to reach and the exit would be at Rs155.64. If the price turns around from here and go upwards, there is a sure profit of Rs.3.91 per share. If the price continues its downwards journey and hits our exit target, there will be a profit of Rs10.71 per share.
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