praveen.bhatiya

Mulltiple confluence suttesting a short

Short
NSE:BANKBARODA   BK OF BARODA
Although PS Banks moved vertically in last 2 days but the price has reached at Upper medium line of good frequency Pitchfork and getting resistance there. Good trend line was broken and price are touching it from below so another reason to short it here. One can short here with SL of 173.50 on closing basis for a target of 145.

Comments

I would go with a LONG for a target of 180, which was previous high on November 20, 2016.
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