AbhishekHSinghCMT

BOB- Double Top to Sell & Reverse with Trump Trendline Support

NSE:BANKBARODA   BK OF BARODA
8
Last Price@153

S-L-- Short (Sell) First & Long (Buy) Later

Look to Sell with Strict Stops above 155- Double Top for targets 143-145 & look for support from trump trendline- if holds then reverse your position for upside targets.

Previous Report

BOB- 2016 Diary-(135-145) Key Support Zone- Trump Trendline Support
Trade active: 11:21 Hrs 9th Jan2016

Last Price@153.50

Day High@155

Stops above 155-- have taken dip & nothing to lose -going above 155 -shall be out to take some rest.
Trade active: 10:02 Hrs 10th Jan2016

Last price@152

Day's High@154.15

So, we have very less to lose.

Again gave selling opportunity at 154- close to the day's high-target looking down till 143-145
Trade active: 13:19 Hrs 11th Jan2017

Last price@158.75

The way it jumped today above 155- 156.70 max on the upside, but now it confirms that upside move has started. So, do not hurry in getting in the trade.

Trading Strategy
Either allow price to come in the zone 154.50-155 -if holds, then buy with minimum stop below 154 or allow prices to come in the zone 150-151.50 to buy for upside targets & stops below 150.
Trade closed manually: 11:08 Hrs 2nd Feb2017

Reached 174-175 -Risk Element is Big now - Done & Out - for myself.

Shall leave the last move- if any next week.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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