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Aditya_Singh21
May 21, 2020 8:05 AM

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

BSE:BANKBARODA1M
BANK OF BARODABSE

Description

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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!

Trade active

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The price has bounced off the predicted support level !
great time and indication to buy in!
Trend AnalysisChart PatternsTechnical IndicatorsLONGprofitspositionalcallpositionallongnseindiansestocksnseniftyBANKNIFTY
Comments
akashgrover91
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How do you know that the trend is reversed? also please tell how to confirm it on daily trend as I want to sell tommorow or next week, so i want to check only till next week analysis.
is there any sign of trend appearing as per your analysis? Please reply
Aditya_Singh21
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@akashgrover91,
Hey Akash,
As you can see the price has always bounced off the support levels I have drawn , therefore there's high probability that it will happen again since stock prices move due to trader sentiments and past price movements.
Even if you buy in at the current price and hold for a period of 6-8 months you'll get great returns since this stock has good fundamentals.
I will try to analyse the daily charts and upload it for you,
Hope I cleared you doubt.
akashgrover91
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@Aditya_Singh21, Thanks bro this has clear my doubt. I will hold as long as possible. Hope for the best
Cheers :)
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