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Trade-Wealth
Jul 31, 2017 11:18 AM

BOB - Channel Support Long

BK OF BARODANSE

Description

BOB has taken channel support and bouncing from that support; so one can go long for target of 175, 180, 185. SL 160.

Trade active

Trade active

Trade closed: stop reached

Comments
HarshShah
SL hit, exit or wait for bounce?
anuragcoma15
Thanks for the chart. Can you he understand on how you derived the target figures of 175, 180, 185? And why you did not keep your final target as the top trend line (200+) ?
Trade-Wealth
@anuragcoma15, The said targets are for futures valid till august month. BOB may heading towards top of the resistance. The consolidate move can happen over 2-3 months time. Hopefully u can understand now.
If you play in cash u can take delivery for the upper band :)
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