NSE: BANK Of Baroda Possible downside below 115
Stock is trying pull back from low of 90 on Oct 11.
Crossed 61.8 Fibo level from Sept 3, high @ 156
1 Year trend is negative, Pullback is loosing momentum.
Possible short below 115 for a target of 105 below
Stop loss on closing basis 123.
Close above 123 level will continue momentum on upside. 123 level is strong resistance.
Use stop loss and trail stop loss
Stock is trying pull back from low of 90 on Oct 11.
Crossed 61.8 Fibo level from Sept 3, high @ 156
1 Year trend is negative, Pullback is loosing momentum.
Possible short below 115 for a target of 105 below
Stop loss on closing basis 123.
Close above 123 level will continue momentum on upside. 123 level is strong resistance.
Use stop loss and trail stop loss
Trade active:
Hit the low of 109 and closed at 110. Trail stop loss
Trade closed: target reached:
target hit 104
Trade closed: target reached:
Hit below 101