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BANKBARODA

BANKBARODA: Elliott Wave Analysis & Trendline BreakoutTechnical Analysis of BANKBARODA Elliott Wave Analysis and Resistance Trendline Breakout The Chart of the BANKBARODA stock displays an interesting Elliott wave pattern, suggesting a potential bullish scenario. Let's break down the analysis: Elliott Wave Pattern: Completed Wave ((4)): The chart seems to have completed a corrective wave ((4)), which took the form of a correction (A) (B) & (C) in blue, inside wave (C) we have witnessed wave 1,2,3,4 & 5 in Red had completed. Potential Wave 5: The breakout above the resistance trendline suggests the initiation of wave 5, which is expected to be an impulsive move to the upside, possibly towards 300 & 316 or more. Supporting Divergences: Bullish Divergence on RSI: The Relative Strength Index (RSI) shows a higher low while the price formed a lower low. This divergence indicates a potential bullish reversal and supports the idea of a rising wave 5. Potential Upside: Target for Wave 5: The extent of wave 5 is often unpredictable, but based on standard Elliott Wave principles, it could potentially reach the 1.236 extension of wave 4, This level could be a significant upside target near 316. Invalidation Level: 229: If the price retraces below the 229 level, it would invalidate the current bullish scenario and suggest a potential continuation of the downtrend at least counts have to change. Key Takeaways: The breakout above the resistance trendline and the bullish divergence on the RSI suggest a potential bullish trend for the BANKBARODA stock. Wave 5 could lead to a significant upside move, potentially reaching the 1.236 extension of wave 4. However, a break below the 229 level would invalidate the bullish scenario. Important Note: Elliott Wave analysis is a complex and subjective technique. It's crucial to remember that there is always a risk of being wrong. This analysis should not be considered as financial advice. It's essential to conduct your own research or consult with a financial advisor before making any investment decisions. The information provided in this analysis is for educational purposes only and does not constitute financial advice. The author and the platform are not responsible for any losses or damages arising from the use of this information. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:BANKBARODALong
by RK_Chaarts
PSUBANK: Elliott Wave Analysis and Technical BreakoutTechnical Analysis: PSUBANK Index Elliott Wave Analysis The chart reveals a potential Elliott Wave structure within the PSUBANK Index. We're currently observing a bullish development within wave 5. This bullish impulse is supported by a clear upward trendline breakout. Key Points: Resistance Trendline Breakout: The index has decisively broken above the resistance trendline, suggesting a potential reversal of the previous downtrend. Bullish Divergence: The presence of a bullish divergence between price and momentum indicators, often signals a potential trend reversal. This divergence adds credence to the bullish outlook. Wave Structure: The current structure aligns with an impulsive wave pattern, where wave 5 is typically the dynamic move after corrective 4th Elliott Wave sequence. Potential Scenario Based on this analysis, we can anticipate a continuation of the bullish trend, potentially leading to the development of wave 5. This could drive the index higher, with the upside potential potentially reaching the 8000-8200 zone. Trading Implications: Bullish Bias: Maintain a bullish bias for the PSUBANK Index, given the strong technical signals and potential for further upside. Entry Points: Consider entering long positions on pullbacks (if any). Stop-Loss: Place a stop-loss below the 6185 level, which would invalidate the bullish scenario. Risk Management: Implement proper risk management techniques, such as using stop-loss orders and position sizing, to protect your capital. This analysis is based on Elliott Wave Theory and technical analysis, which involves multiple possibilities and interpretations. The information provided is for educational purposes only and should not be considered as financial advice. It's crucial to conduct your own research and consult with a financial advisor before making any investment decisions. There is always a risk of being wrong, and users are advised not to trade or invest solely based on this analysis. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:CNXPSUBANKLong
by RK_Chaarts
Banking Stock - Keep An Eye - BANKBARODA📊 Script: BANKBARODA 📊 Sector: Banks 📊 Industry: Banks - Public Sector Key highlights: 💡⚡ 📈 Script has given breakout of Double Bottom pattern but didn't sustain keep an eye on it we may see good rally. 📈 One can go for Swing Trade above 284. BUY ONLY ABOVE 284 ⏱️ C.M.P 📑💰- 281 🟢 Target 🎯🏆 - 311 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
1
BANKBARODA - Ichimoku Breakout📈 Stock Name - Bank Of Baroda 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 284. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:BANKBARODALong
by nikunjbhadja
4
BANKBARODA - Breakout Setup, Move is ON..NSE:BANKBARODA ✅ #BANKBARODA trading above Resistance of 270 ✅ Next Resistance is at 332 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BANKBARODALong
by Sandeep_Aggarwal
BANKBARODABoB has already given a falling channel breakout out of monthly charts and has been under bullish momentum since last few months. Price has formed a very strong bullish candle on weekly charts at previous resistance, which it did broke out in past after forming a rounding bottom on weekly charts. The current closing indicates that price is confirming the previous resistance turning into a good support and is potentially gearing up for its next upmove. The pattern target for this rounding bottom are coming around 280 levels which is also coinciding with a potential wave 5, which can be 100% extension of wave 3 (from April'21 to Dec 22) on weekly charts. Overall price action is suggestion very strong bullish sentiments in this script and can be kept in radar for long term perspective Also sharing details of PSU Bank index related idea section which I had analysed in past in August 2021
NSE:BANKBARODALong
by aktradelearning
BANKBARODABANKBARODA-EQ -Strong Breakout Candidate -Round Bottom Structure Breakout -Strong Range Accumulation -Strong Volume Buildup -Performing Good but had Bad Reputation -Trading All Time High -Just for Trading & Swing not for Investment -Trading All Time High Entry 🟢: Above 261 Target 🎯: 270, 380, 400, 425 ++ Stop loss 🔴: 220 WCB Remark: Short Term ⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
NSE:BANKBARODA
by financebysujit
2
BANKBARODA - Long Setup, Move is ON..NSE:BANKBARODA ✅ #BANKBARODA trading above Resistance of 221 ✅ Next Resistance is at 270 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BANKBARODALong
by Sandeep_Aggarwal
BANKBARODA As indicated in my other post related to PSUBanks ( idea, which looks to be bullish. BoB in PSU Banks is looking a good setup and here is my overall analysis for this On Monthly timeframe, price has given a falling channel breakout and also given multi year breakout of 2018 high and has retested as well it On weekly time frame, stock has given a rounding bottom breakout and is now forming a falling wedge kind of pattern at 38 to 50% fibo support zone of the run from June low to Dec high. Breakout of this can lead another bull run in this script and rounding bottom target is coinciding with 100% Fibonacci extension of up move from April 2021 to Dec'22 There is also another view that the stock might be forming a cup & handle pattern on weekly timeframe with below chart formation (cup high = 2017 high) On daily timeframe, stock is currently in symmetrical triangle, with price testing the upper resistance trendline fourth time and is consolidating near it. Any breakout this time can give a momentum on upside Also, on daily tf keep the below setup in radar as well Overall the setup is looking quite bullish here :) Happy trading
NSE:BANKBARODALong
by aktradelearning
BANKBARODA - Long Setup, Move is ON..NSE:BANKBARODA ✅ #BANKBARODA trading above Resistance of 196 ✅ Next Resistance is at 221 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BANKBARODALong
by Sandeep_Aggarwal
BANKBARODA possible Elliot wave countsThis stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts macd on hourly chart momentum negative cross done on hourly Price under and below RK's stopline in daily Price made neutral candle under and below 20DMA in daily Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:BANKBARODAShort
by RK_Chaarts
23