BANKBARODA Long Setup
Updated
Attached: Daily Chart as of 16th June 2023
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so the money flow is shifting
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so the money flow is shifting
Trade active
The Stock has blasted off today itself as Price is up 3.46%To continue to ride it to 200, make sure you trail your SL with today's low now or at your cost price
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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