NSE:BANKBARODA
Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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,...
Target:- 108
Stop Loss:- 82
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also symmetrical triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use...
Target:- 127
Stop Loss:- 80
Duration:- 3 to 4 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a clear indication of upside move. It is also symmetrical triangle pattern, which just have completed by this upside breakout, so we can buy this at market order. Use proper stop loss...
NSE:BANKBARODA
Observations:
1) On 1 day time frame, we can see it closed below critical level of 88.
88 level is critical resistance now.
Previous resistance of 85 level has been broken and now 85 level will work as support.
Also we can see, inverse head and shoulder pattern.
Please refer below chart : 1day Time Frame. ...
A good symmetrical Triangle breakout has happened in bank of baroda ... The important thing is that , the breakout has happened in the last 4hr candle... So surely buying pressure will continue in next week .
BUY BANK OF BARODA AT CMP OR SAFE ENTRY ABOVE 88 (BREAKOUT)
SL BELOW 77 ON DAILY CLOSING BASIS
TARGETS 95, 100
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
My personal view on BOB.
As we can see A Triangle Pattern forms in BOB weekly timeframe chart.
Any side breakout can give good return in 1-2 month. NSE:BANKBARODA
Price breaks the important resistance level and failed to hold the momentum and returned to the previous levels below the important support. Now once again price is all set to break the resistance and jump up.
This is a late-night technical analysis video purely based on EDUCATIONAL and learning purpose, trades taken are on your risk and mentality
LNA stands for late-night analysis
![BANKBARODA: Simple Trade Setup | BANKOFBARODA | 18-10-2021[INTRADAY]](https://s3.tradingview.com/e/eZJS2Wvt_mid.png "Simple Trade Setup | BANKOFBARODA | 18-10-2021[INTRADAY]")
![BANKBARODA: Simple Trade Setup | BANK OF BARODA | 12-10-2021 [INTRADAY]](https://s3.tradingview.com/i/igURE9aA_mid.png "Simple Trade Setup | BANK OF BARODA | 12-10-2021 [INTRADAY]")
