BANK OF BARODA - 60MIN - Bearish Pennant formation
Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
DISCLAIMER
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
DISCLAIMER
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
Trade active
Comment:
Target 1 achieved
Comment:
Target 2 achieved