Trump Trendline coming from 135 lows should hold BOB decline as that is crucial if there is any upside push left Breaking 135 & channel shall be the clue for a downside move of BOB in 2017
In the charts below -click the charts & use load bar feature Looking for a bigger trump tower
Did not hold above 177-178 for Target zone 190-195
Trade active
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19:27 Hrs 2nd Jan2016
Last Price@148.90
As expected in below mentioned post -BOB could attempt 155-156 where it faces resistance & a fall could be expected to 147-148 zone. Today it opened at 154.60 to resistance of 155-156 & had a sharp fall to 147-148- we shall wait to see whether the trump trendline holds because that be buying opportunity or going above 155-156 zone next.
Comments
roja.ravi
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I opened a sale when price was 152.50. can I hold or sell?
WaveTalks
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@roja. Ravi, Yes, but we will shift stop to 156.70 from 155
WaveTalks
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@AbhishekHSinghCMT, Hello, also why did you open sale at 152.50 -never do that -never try to jump in running train always, we take bad experience of falling on face but still we don't want to learn from our mistakes. You should leave the trade. Market is forever - tomorrow also -day after tomorrow also -what's the hurry. You will get good opportunity once you control your emotions & always cut your position if it goes against- never think that it will come in your favour as most traders do & end up losing in trades.