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Trading_hawk
Oct 17, 2021 7:18 AM

Simple Trade Setup | BANKOFBARODA | 18-10-2021[INTRADAY] 

BK OF BARODANSE

Description

NSE:BANKBARODA

Trade Setup for Date 18-10-2021:

Most of the levels will remains the same as per previous setup.

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.

Trade closed: target reached

Comments
meowmoew1967
2 Day candle of BOB looks like Bearish Engulfing & Dark Cloud cover. So what do you think ? Just asking. I'm still in learning phase So idk😅
Trading_hawk
@meowmoew1967,
Bearish Engulfing ? Where is it?

Let today's candle close. Since it open gap up so it immediately invite profit booking.
And for dark cloud activation tomorrow it has to trade below today's closing. then it will be bearish for short term
Trading_hawk
meowmoew1967
@Trading_hawk sorry sorry. It's Dark Cloud cover I wanted to say 🤦🏻‍♂️
meowmoew1967
@Trading_hawk 🙏🏻Ok thank you so much
Trading_hawk
@meowmoew1967, 🙏🏻 🙏🏻 🙏🏻 🙏🏻
Trading_hawk
@meowmoew1967, Darkcloud cover pattern failed.
Trading_hawk
@meowmoew1967,
Bonus achieved today.

shashankke25
Thank you, man!!!
Trading_hawk
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