dravya
Long

MAY Watchlist - Stock No. 1 - BANKBARODA

NSE:BANKBARODA   BK OF BARODA
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For the first half of may,

I am going to look for long opportunities in the stock
and trade whenever the price looks right.

Areas I'm looking at :

- Current price too, 1st target of upper line.
- Breakout above line with a feasible SL.
- If it goes down, any price close to yellow trendline .

As with every chart, I will update it with commentary.


THE RATIONALE : It used to immediately reverse from these levels in the past but this time it has convincingly broke those levels. Either we will see immediate reversal or else I expect it to go up in May.
May 02
Comment: Flat as of now. Let's see.
May 03
Comment: Touched the upper line today.
Failed to close above it though.
May 04
Trade closed: target reached: Initial targets achieved
Thanks ,
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Good to see you .All psu banks are rocking
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dravya RaghuveerMunipalli
@RaghuveerMunipalli, yeah, your message impacted my decision to return.
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