inderjeet05

Bank Of Baroda

Short
inderjeet05 Pro+ Updated   
NSE:BANKBARODA   BK OF BARODA
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
Comment: Trade triggered today. And we are more than 70% closer to the target.
Comment: Although target has been reached. This is another good time to enter short in this trade. Lets ride it all the way down
Trade closed: target reached
Trade active
Trade closed manually: Markets may go up so closing the trade. I have a strong upward bias.
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