AbhishekHSinghCMT

BOB- Look for retracement from highs@162

NSE:BANKBARODA   BK OF BARODA
290 views
14
We shall look for retracement if BOB goes below 158 then 155-156.50 & under 155-if sustained, then shall move till 152.50-153 zones before resuming back its upside move

OR

Moving above 162 - resumes upside move & we shall come back again.

Previous Update- Double top@155 to sell

BOB 2016 Diary


Trade active: 14:41 Hrs 20th Jan2017

Last Price@155

Retraced to 155 - Wow!!!
Trade active: 20:05 Hrs 23rd Jan2017

Last price@154.20

Day's Low@153 -Likely retracement is in place which was expected from 162 highs.
Trade active: 07:16 Hrs 26th Jan2017

Last price or Closing Price@161

Day's High@164

As suggested, we will look for retracement from 162 highs to 152-153 below 155 - Low was 153.15 which was achieved also expected bounce gave us 2 way move of 15-17 points in all.

Bounced sharply to day's high@164 before closing@161
Trade closed manually: 11:08 Hrs 2nd Feb2017

Reached 174-175 -Risk Element is Big now - Done & Out - for myself.

Shall leave the last move- if any next week.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Comments

Hello Abhishek, is it a buy now?
if yes then what's the target?
Thanks.
Reply
@FIROZMANIA, I won't suggest as buying was between 153-155 because stops will be 153 -currently trading@161- which is very risky
Reply
FIROZMANIA AbhishekHSinghCMT
@AbhishekHSinghCMT, Okay, Thanks.
Reply
@FIROZMANIA, It depends on the risk which you can take buying started at 153-155 zone. I don't trade in between
Reply
FIROZMANIA AbhishekHSinghCMT
@AbhishekHSinghCMT, Yes, Agreed. Risk-Reward is the most important part. Thanks again.
Reply
Hi Abhishek, Fantastic Analysis on BOB. Do u think its right time to buy now? Or wait for a small retracement
Reply
AbhishekHSinghCMT Prince_Kanodia
@Prince_Kanodia, One needs to wait for prices to go through 158 & sustain above, then we will think of buying
Reply
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