NSE: BANK Of Baroda Possible downside below 115
Stock is trying pull back from low of 90 on Oct 11.
Crossed 61.8 Fibo level from Sept 3, high @ 156
1 Year trend is negative, Pullback is loosing momentum.
Possible short below 115 for a target of 105 below
Stop loss on closing basis 123.
Close above 123 level will continue momentum on upside. 123 level is strong...
It is been observed on the daily chart that the price action is trending up while breaking resistance zone and forming higher lows and higher highs indicating a further move up.
Target 2: 182
Very powerful Dark cloud cover candlestick patter is appearing on bank of baroda.. good oppertunity to going short..email@example.com SL@150 and target@146/145..Best of luck, Happy Trading!https://in.tradingview.com/chart/RB1B357X/
Bank of Baroda has been trading in gradual up trend, it closed at support on weekend, it seems, will trade upside from 161 level with a target of 180 in near term as first target and second target may be around 195.traders may enter long at CMP but wait to watch breakout downward,if breakout occurs exit with small stop loss.
It is been observed on hourly chart that the price action is facing a strong resistance or selling at 177 levels, indicating sellers aggressive selloff. Now it shall further come down to previous support levels that may also cover the previous gap up phase.
Risk Reward: 1:1