AbhishekHSinghCMT

BOB- Going into 2017- Likely to Kiss the zone 80-90

Short
NSE:BANKBARODA   BK OF BARODA
4
Its a tripple correction (W-X-Y-X-Z) started from 229 highs, which is unfolding in BOB- likely the last leg Z-wave downside which itself will be complex zigzag move going into June-July 2017- likely to test 80-90 zone.
Trade active: 07:30 Hrs 28th Oct2016

Last Price@153
There is a small polarity reversal zone- 154.60-155 to be precise enough-154.60- one time it acted as support & latest it acted as resistance so if that resistance is crossed- likely it will give short term buying opportunity for 5-7 bucks. Once it crosses put a stop of candle lows which crossed the level of 154.60

Trade active: 16:55 Hrs 29th Oct2016

Last Price@156.25

First, it crossed 154.60 & then took support of 154.60 - Amazing

Trade active: 13:35 Hrs 9th Nov2016

Last Price@146

BOB moves in the expected direction

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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