You would love to read previous updates on BOB
Will BOB bang the ceiling 190-200 ---- 191.70 high updated within the post
15-20 points in 2 way journey
Looking for retracement from 162 highs- got it from 162to 153-154 zone
Bank Baroda 2016 Diary-Updates in Year 2016 lucrative trading setups which turned real.
Put expiry 23rd Feb2017 - an explosive up move from 9-10 to 18-19. One should run like a thief taking all money especially if one is getting into options.
Bank Nifty not looking good for upside - likely has a chances to break downside in that case BankBaroda can target 161-163 Zone next going below 169
Its a sideways range for BOB unless it moves above 172 or below 166 - it is not worth trading because it will spend time in the range post sharp fall from 188-190 zone previously.
Going below 166 - likely it will look for the zone 160-162 if holds, then we book profit & wait outside to see market reaction.
Held as expected slightly above 160-162- made recent low@162. 75 - now we wait for the bounce to sell again.
162.75 still intact against -looking for a bounce, which it has started & possible target 175-177 zone where a fall from 190's to 162.75 -it gets retraced by 50% & in earlier sessions 175-177 zone has seen multiple sellings.
Crossing above 171 likely we get a push to 175-177 zone where we take profits in short term long positions -watch carefully as price slips below 175 later or crosses 180 mark to decide next.
Can Trump Hold - Bank of Baroda Above 135 - Well Only- Market Knows - what we know as a trader is 135 was the key level when trump got elected as U.S. President in Nov2016 -Market Zoomed upside & BOB came back to 135 exactly one year later in 2017.
So, Below 135 - some more pain could be stored for BOB.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw