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.
Happy Trading
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TREND TRADERS ENJOYING THE CRASH IN BANK OF BARODA...!!!SOLD FROM 183 LEVELS 21 RUPEES PROFIT AND STILL HOLDING
Trade closed: target reached
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Made low 152.20 our third take profit achieved 153, Booked full profit Trend traders earned 30*3500 = 1,05,000 Safe traders exited @ 170 levels made 42,500 Happy trading !!
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Any traders tracing this analysis how price moving with my zigzag lines. Analysis is art. Trading is skill enjoy
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As per the lines price performed very well its just a patience to catch trend moved on our swing design, Its just powerofchartsz