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 ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
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 ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
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 .
