Bank Baroda- Bullish Crab @157.35 for 170+ Target

Mar 8, 2017

We are still moving in a larger downtrend in BOB from 191.70 Highs. Looks like there could be a push upside as there is bullish crab coming in picture.

Last Call was closed as I was looking for a push upside to 175-177 zone & also suggested that it activates if sustains above 162-163 zone-which BOB did not go through & made day low@157.35

This Bullish Crab has AB leg retraced deep in 80-88.6%, which is outside of textbook zone - as per text AB should retrace 38.2% to 61.8% rest all as per bookish measurement.

Trading Strategy
We shall look atleast for 168 target & above 168 if sustains then 175-177 zone Stops below 153


You would love to read my previous update

Against 143-145 for 190-200

Will BOB bang the ceiling

Catching the Top@191.70

Mar 9, 2017

Trade active

07:45 Hrs 9th March2017

Last Price@159.40

Going below 157.00(modified stop loss) -yesterday's low was 157.35 - we will close the call but keep a watch on the stock as going above 162-163 on sustained basis can take it to 168-170 & above 170 to the zone 175-177.

Safe Trading shall be above 162-163 zone.

Mar 15, 2017

Trade active

11:12 Hrs 15th March2017

Last Price@166

We got a green candle after so many days made a top@167.70 close to our 1st target zone 168-170

Still bullish so holding the same with trailing stops.

Mar 16, 2017

Trade closed: target reached

10:33 Hrs 16th March2017

Last price168

1st Target Zone of 168-170 Done.