AbhishekHSinghCMT
Long

Bank Baroda- Bullish Crab @157.35 for 170+ Target

NSE:BANKBARODA   BK OF BARODA INR2
526 5 13
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
BOB- Double Top to Sell & Reverse with Trump Trendline Support


Will BOB bang the ceiling
Bank Baroda- Will BOB bang the ceiling 190-200?


Catching the Top@191.70
Bank Baroda - Bang on Target- Picking the top@191.70
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.
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.

snapshot


snapshot
Trade closed: target reached: 10:33 Hrs 16th March2017

Last price@168

1st Target Zone of 168-170 Done.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
@AbhishekHSinghCMT , Great call. It zoomed today. I booked profit on one lot. Thanks for that. Hold one more lot, hopefully it scales even more in this week.
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Thanks,
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i hope this trade is pans out well............... hoping for a strong jump............
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Thanks, please do update when call is active.
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@AMBRISH, Call is already active as per harmonics- going below 157 - Pattern gets invalidated means no more valid & position has to be closed or wait for prices to cross 162-163 & sustain above the same for targets of 168-170 & 175-177.Even if price goes below 157 -close the position but keep this stock on radar as any movement or push can carry BOB to desired levels above.
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