Thursday, January 02, 2014

BankofBaroda Technical chart

Hi friends,
                   Revisiting BOB chart had given a smal trade in bob yesterday for c wave rally
which was reached today and reversal came along with that ,Look old post here BOB .
 Now looking at the broader picture look at the following chart.
 The c wave rally touched the trendline resistance and reversed ferociously ,This stock would be targeting 600-580 levels in coming weeks.
Look to short this in any counter rally stop loss should be 680.



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