tRex88
Long

BANK OF BARODA study

NSE:BANKBARODA   BK OF BARODA
BANKBARODA             in rounding bottom formation on weekly chart with support at 26 week simple moving average .

On Balance volume rising continuously over a period of time.


Its a good buy as long as it trades above 135
Comment:

There is a channel support at 147-150 zone
Comment: Taking support at the rounding bottom!
Comment: Rounding bottom support still intact
Does it mean, puts below 135 can be written
+1 Reply
tRex88 sharuvman
@sharuvman, i would not suggest anything in options as its completely a different game and I am not into options trading. But the analysis says that we can confidently buy until 150-147 zone with a SL below 135 or 138.
For this analysis I prefer cash market as as its a weekly chart
Reply
@tRex88, got it. Thanks for further details.
Reply
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