BANK OF BARODA has formed Ascending Triangle Pattern and started to gave a breakout from 169 as that was resistance level. Based on the pattern, one can enter around 180 and target can be set around 223 with Stoploss to be set around 160.
Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
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Correction: Above pattern is Symmetrical Triangle Pattern.
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Right now stock is consolidating between 180-188 range. If 188 level is broken then we can expect an uptrend move and 197 as expected target.
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Level of 188 is broken.197 can be next expected target.