BANKBARODA chart analysis for intraday and swing trading
BANK OF BARODA is looking bullish in coming days.
#BANKBARODA given BO on Weekly chart above 68.25 . Will try to break Weekly Trendline above 78.3 zone and following that will test Target zone of 106.4-116.8
Pattern breakout. Good volume. Positives- Decent PAT Q2 result.
Short Bankbaroda at 51.6 SL - 54 Note:- Levels are given in cash price, short position in future and options can be taken accordingly.
LEVELS ARE ON THE CHARTS.
Note: This is for educational purpose only. There seems to be a strong bullish momentum supported by rising volumes. RSI above 65 indicates adds to the conviction for bullish momentum.
Note: This is for educational purpose only. There seems to a symmetrical triangle bullish breakout with ultra high volume. Moreover, RSI is above 60 which indicates bullish momentum as well.
BANKBAROD (D):- cup and handle formation above 52/54₹ breakout tgt 60,68₹ sl 45₹ clbs bb contract plus vol breakout & RSI daily rise 66.15. #Disclaimer:-I just shared view for only educational purpose.
BANKBAROD (w):- cup and handle formation above 52₹ breakout tgt 60,68₹ sl 45₹ clbs bb contract plus vol breakout & rsi weekly rise 44.84 #Disclaimer:-I just shared view for only educational purpose.
Markings on chart. I have presumed that C wave has ended at 46. My view will be negated if price drops below 42. disclaimer : it's not an advise to buy or sell
Bank of Baroda looks good on charts and seen recent accumulation with huge volumes. one can bet on this stock for the target of 55/-
buy on 15 min candle close (with volume) above 50.40 stop loss 49.1 target 53-53.50
I hope you can now see how the BankBaroda represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed...