As i posted to short signal Bank of Baroda on 23 May with target of 170, Yesterday price recorded low of 166.90. Today price managed trade on green, Yesterday in Inside range fresh minor trend line break
out seen with avg
volumes, Now trend traders can hold there short position with trailing stop loss of 183.5- 184 range, Fresh entries can enter @ 175 zone with above mentioned stop, As price is moving swinging mode i marked swing points. Open Interest is gaining its good for trend continuation, As RSI
Oscillator is recovering from over sold zone small pull can be expected, Any where out side blue hollow box price can trailed on that zones.
Still there good strength on lower levels swing points are 159 levels , 153 levels & finally 148 levels can be expected.
The traders who exited with 1st take profit, The the risk and reward was 1:2
Lot size 3500*12= 42500 per lot profits
Trend traders position open.