vipinguptaca

Bank of Baroda, ready to conquer the blue sky after a long gap

Long
NSE:BANKBARODA   BK OF BARODA
So Guys, Bank of Baroda's stock price reached 190 in September 2014, briefly touched 228-230 in January 2015, and then attempted to reach those levels again in August 2015, May 2017, and October 2017, but was unsuccessful to give a breakout. In December 2022, the stock price again reached 190, but retraced from there and fell to the level of 145-146 in January 2023. It rebounded to 210 in July 2023 and retested the crucial 190 level in August 2023. I believe that the stock has now broken out of the 190 barrier for good.

Based on this technical analysis, I believe that Bank of Baroda's stock is poised to enter a bullish phase and reach new highs. However, it is important to note that my views may be biased, as I am invested in this stock. Investors should always do their own research before making any investment decisions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.