BANKBARODABANKBARODA:- Stock has formed head and shoulders, good for short term, keep an eye.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
keep learning and keep earning.
BANKBARODA
BANK OF BARODA SHORT TERM BREAKOUT SWING TRADING Analysis Date - 03-12-2022
NSE:BANKBARODA
Swing Trading ::::
Bank of Baroda short time breakout expecting. Price above POC of Volume Profile, makes fresh high and presently retesting. Entry @ 173, SL @ 163, Target 1:2.
This analysis for educational purpose only and it is requested to viewers to do their own analysis before any investment.
BANKBARODA - Ichimoku Bullish Breakout Stock Name - Bank Of Baroda
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 145.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
BANK OF BARODA - SHORT TERM PICKBank of Baroda : NSE: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 | Breakout of channel pattern for 66% 🎯⭕ Positional Trading opportunity ! weekly Chart Alert !!!⭕
--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
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕Technical Reasons to trade or Strategy applied :- ⭕
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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Simple Trade Setup | BANK OF BARODA | 27-04-2022 [INTRADAY] BSE:BANKBARODA
Observations:
1) On 1day time frame, we can see kind of rounding bottom formation and it gave closing above 115 level.
Next breakout level is 116.
Please refer below chart : 1day time frame.
2) On 15min time frame, rounding bottom pattern formation.
Please refer below chart : 15min time frame.
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Trade Setup for 27-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#BankOfBaroda At Resistance NSE:BANKBARODA
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
YR 2022 Idea #15: Long on BANKBARODA This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
BankBarodaBankBaroda has posibly started an impulse towards north, recently it has retraced 61.8% of last rise, which we can say wave 2nd of some degree has been completed near 92 level, we can assume that now new impilse as a wave 3rd of some degree has been possibly started, which can show levels towards north upto 144 or more, trend indicators are also suggesting same, One can go long at current price or on any dips (if any ). On the way down 101 is now an immediate support and 90.75 is a major support.
fibonacci retracement
wave structure and key levels are mentioned on chart
macd in weekly is positive
macd in daily just given positive crossover
rsi in daily uptick
Disclaimer
I am not sebi registered Analyst.
My studies are for Educational purpose only.
Please consult your Financial Advisor before Trading or Investing.
Bank of Baroda ready for the uptrend!🤩💸🔥Buy Bank of Baroda for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡About Company:
Bank of Baroda (BoB) is among the leading PSU banks with a global loan book of ~| 7.7 lakh crore and has better-operating metrics among PSBs.
Pan-India presence with over 8100 branches.
The bank has a meaningful presence in international operations with its JVs and subsidiaries. Also, ~12% of total business comes from overseas
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Improving business outlook along with containment of slippages should help the overall performance to improve.
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💡Key triggers for future price-performance:
1) Focus on retail to propel credit growth; corporate segment to support 2) Moderation in slippages and gradual resolution of NPA to aid asset quality.
3) Improvement in NIM & CI to aid operation; yield hardening to impact PAT.
4) Comfortable capital position with CRAR at 15.97%, to aid business growth
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock gave a Multi-Year breakout. With the recent volume breakout with amazing Q3 results, a strong rally is expected from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
Intraday Trade: watch for trendline breakdownshort below 84.5 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.