viks.gupta9894
Long

Bank Baroda need to break up channel

NSE:BANKBARODA   BK OF BARODA
Currently stock trading between parallel channel , also having its mid and long time frame Inverted H&S Pattern. If breakout up side, this analysis will be valid. And trying to accumulate stock if we get dips, range (135-158) instead wait for important resistance breakout 197-200. As per current market rate 176 and stop loss 125 (risky due to late analysis), after breakout we can use stop loss CSR             or current buying rate for mid-term and long term holding.

Time duration 9-12 months, Levels are:

R1 R2 R3 R4 R5 R6 R7
198 215 243 271 288 316 361
S1 S2
142 125


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