BANK OF BARODA study Long

BK OF BARODANSE

Description

⋅ Jan 26, 2018 3:12 AM

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

⋅ Jan 26, 2018 3:19 AM

There is a channel support at 147-150 zone

Comment

⋅ Feb 6, 2018 4:21 AM

Taking support at the rounding bottom!

Comment

⋅ Feb 7, 2018 5:10 PM

Rounding bottom support still intact

Comments

UnknownUnicorn1642156

⋅ Jan 26, 2018 10:23 AM

Does it mean, puts below 135 can be written

k314

⋅ Jan 26, 2018 10:29 AM

@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

UnknownUnicorn1642156

⋅ Jan 27, 2018 10:48 AM

@trex88, got it. Thanks for further details.