Chintamoney Updated   
Bank of Baroda : BANKBARODA

Stock is consolidating since 11th of July 2022 and with todays positive close with good buying in last 3-4 hours it looks this stock is set to continue its upward journey once it closes above 109-110 range. But as our stop loss have been planned somewhat deeper to avoid unexpected volatility we can consider going long once stock crosses 109 levels . Tighter regression channel is also showing sings of bullish consolidation . Avoid options position as the trend "may" unfold slower than anticipation due to low beta stock which will result is premium decay and eventual loss.

on the fundamental front :
Results are expected on 30th of July and my expectation is of very sound results which will ignite the momentum towards potential targets

keep track of updates section as i will be updating when and where it is required to.

Happy Hunting ,


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My studies are for educational & General purpose only.
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Trade active:
Got our smooth entry at 109 . trading at 112.50 now . hold longs very long way to go .. :) the journey as just begun in PSU banks
Trade active:
BoB update : Moved up as expected , time to modify SL to breakeven and hold.
Trade active:
BOB Update : Reached close to our Potential Target. Medium term investors can continue to hold this stock for more upside with stop loss at entry cost . Overall all PSU banks are showing good upside momentum . Things should remain good unless any bad news hits out in market for banking sector .


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