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ReviveTraders
Jan 22, 2021 3:53 AM

Bankbaroda | Breakout of channel pattern for 66% 🎯 Long

BK OF BARODANSE

Description

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â­• Positional Trading opportunity ! weekly Chart Alert !!!â­•

--Buy above =67.60 or CMP
--Target = 112.60
--Stop-loss = 52.20
--R:R =2.92
--Expected Profit = (66 % )
--Expected Holding = 1-3 Months only

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â­•Technical Reasons to trade or Strategy applied :- â­•

1) Bank of Baroda has given the breakout & possibly retest again so, one can wait for it or else buy a little quantity here & buy more after retest
2) Volume activities in all the psu bank is very large & they can show a big move ahead
3) Target is based on the pattern height
4) 36 weeks of Accumulation with double bottom

Guys check out the related ideas as well, it will work really well GUARANTEED !

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Trade closed: target reached

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Comments
sharmaumesh1967
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What is your prediction for this expiry sir
Regards
ReviveTraders
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@sharmaumesh1967,i guess it will retest
rajeshe687
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Hi Sir, I saw some reversal today though we had heavy fall. Do you agree or still we need to wait for entry point/ budget talks..
ReviveTraders
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@rajeshe687, buy some quantities now & then after the budget buy some more
varadtambolkar
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Superb!.

Any chance of retest?
ReviveTraders
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@varadtambolkar, yeah it can ..please read the technical points mentioned in description for better entry
apoorvtyagi769
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Hi sir, Your Ideas Are Great And Impressive Too , keep It up
ReviveTraders
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@apoorvtyagi769, hello sir , thank you for checking the profile ....will keep posting the good work & analysis
Gotledu
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Super! I shall wait till the budget though, but will watch this like a hawk..Well done on this one sir
ReviveTraders
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@Gotledu, yeah , stock can retest till the budget , lets see how it reacts after the budget
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