BankBaroda- Cypher done 153 to 165-167. Next Gartley for 158-160

Jul 11, 2017

Looking for a pullback in 158-160 with the bearish gartley.

Trading Strategy

Risky Scenario - Look for a bounce from current levels of 165 close to 167 -taking care that 167.50 is not taken out on upside - in that case keeping stops above 168 - traders can sell for 158-160 Target Zone

Safe Scenario - Wait for the bounce to recent high of 167 -here it should not cross 167.50 & starts falling below 164.50 lows then look to sell for target 160-158

Target Zone -158-160 Stop loss -168 & Above

Previous Update - Cypher Target done from 153 -167

Jul 11, 2017

Trade active

15:04 Hrs 11th July2017

Last Price@162-163

We are still looking for a bounce close to 167 tops.

Jul 11, 2017

Trade active

15:21 Hrs 11th July2017

Last Price@162.55

There could be another scenario also which only one man knows- Price himself. We do not get the bounce & it falls to 158-160 zone so we will wait to see whether it gets support as suggested then we plan to buy later looking at Index scenario as well.

Jul 13, 2017

Trade active

10:37 Hrs 13th July2017

Last Price@164.75

Day High@165.75

Look we got the desired retracement close to highs of 167- sooner or later BOB to start it's fall in the zone 158-160 as expected.

Jul 13, 2017

Trade active

12:08 Hrs 13th June2017

Last Price@162.85

Started Falling below the highs of 167 as expected- we are again in the train enjoying the fall.

Jul 20, 2017

Trade active

18:38 Hrs 20th July2017

Gone very close just below 167.50 & turned from 167.15@18th July2017