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swapsachin
May 3, 2023 5:17 AM

Bank of Baroda (BOB) Trade is going to be ON soon Short

BK OF BARODANSE

Description

As I have mentioned in my previous post to hold for couple of days before shorting, which was an advice because the top was not confirmed of the triangle, what you see a thrust of the triangle and it occurs sometimes, not always. Todays fall is giving a very good indication that we are about to see fall in BOB. Again just a word of Caution, next 4 to 5 sessions will setup the path to short, there is downward gap that has formed and its a tendency that the gap will get filled which will take it to 187.00 to 187.50, after that what happens we will see.
Comments
meyyappansm
is this valid now?
swapsachin
@meyyappansm, yes this trade is still ON. It will fall for sure, just a matter of time (few days)
swapsachin
Go Ahead and short BOB, Don't forget to put stop loss as per your risk appetite. Risk/Reward ratio is very favourable.
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