AbhishekHSinghCMT
Long

BOB- Channel to restrict Trump Tower@190-195

NSE:BANKBARODA   BK OF BARODA
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2
213 2
Going above 178 swing high- likely Trump tower could extend in the zone 190-195 but be careful, it should not trade & sustain below 177.65 highs.

In case there is a gap up opening look for some pullback to enter into the trades taking care of 177.65 highs which should act as guiding level in further sessions.

Once done, we will expect this (X) -wave to finish.

Looking for Higher Trump Tower
Nov 16
Trade active: 08:25 Hrs 17th Nov2016

Last Price@173.40

In the last session BoB could not hold above 177.65 marks & had surpassed slightly to make a new high@178
So, unless BOB moves & sustains above 177- Bulls will not be interested.
Nov 19
Trade active: 10:48 Hrs 20th Nov2016

Last Price@176.96

Use alert feature for this chart to keep waiting to cross above 177 - sustaining above that it will fill the small upside target zone of 190-195-also do not be adamant to see 195 -sometimes it happens that it could touch 190 & start falling so one should be careful not lose the profits gained in expectation of higher profits.
Nov 21
Trade active: 16:52 Hrs 21st Nov2016

Last Price@161-

Did not cross 177- bad for Bank Baro & good for bears.
Nov 23
Trade active: 06:10 Hrs 24th Nov2016

Last Price@161

Watch above 177-178 for upside
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Thanks Abhishek, That rise till channel resistance will add extra comfort for creating short's position.
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@nirav5, Yes, I think so, Markets Bounce, Look for BOB to bounce later channel resistance play its magic.
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