Bank Of Baroda

Nov 17, 2016

I have here used the ABC pattern with subwaves 3,3,5. In the C wave as you can see is still forming. here are a list of reasons why i believe that this stock is about to correct.

• wave C is still still under completion with 2 subwaves remaining.
  
• Double top formation.
  
• Formation of indecision candle on both the tops.
  
• Channel formation where even if the there is another high, the upper bound of the channel would act a a resistance and retrace back to fib level 23.6% before continuing downtrend.
  
  

Please leave feedback and comments!!!
Cheers

Nov 21, 2016

Note

Trade triggered today. And we are more than 70% closer to the target.

Nov 21, 2016

Note

Although target has been reached. This is another good time to enter short in this trade. Lets ride it all the way down

Dec 6, 2016

Trade closed: target reached

Dec 6, 2016

Trade active

Dec 9, 2016

Trade closed manually

Markets may go up so closing the trade. I have a strong upward bias.