POSITIONAL LONG ON BK OF BARODA(NSE) !!!

May 21, 2020

This analysis is only for educational purposes, Invest at your own risk!

• Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR.
  
• The price may soon rebound an open an amazing long positional position.
  
• The trade can prove to be good for positional traders who are agreeing to lock in at
  this price and wait for the price the head in the north direction
  
• Traders should get in only when the price rebounds and not before that.
  
• The Stop-loss should be placed bellow the lower support line i.e. below 26 INR
  
• Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits
  

Any kind of criticism is highly appreciated !
CHEERS!

Jun 4, 2020

Trade active

The price has bounced off the predicted support level !
great time and indication to buy in!