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Bankofbaroda

LNA on BoB, SAIL, BHARTIARTL, CONCOR, FACT, TVSMOTOR and MoreLNA stand for Late night analysis Follow me on trading view: in.tradingview.com We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tommorows video :) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NSE:BANKBARODALong
by Averoy_Apoorv_Analysis
20
BANK OF BARODA - TECHNICAL ANALYSISBANK OF BARODA NSE:BANKBARODA Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise ( SME ) banking, rural banking, non-resident Indian (NRI) services and treasury services. > This is a pure technical analysis idea backed by the banking theme. > The stock has taken support at Rs .37 levels, it was there around for around 6 months May to Nov 20 then gave breakout. Now trading at Rs .81 levels and preparing for long runup with huge volume , accumulation in the stock can be seen since December 2020. > Volume Moving Average line at the bottom (in yellow) is confirming the continuous increase in volume since consolidation. > The stock has also crossed 100 and 200 DMAs very recently, strong upmove is around the corner. > A lot of movement can be seen in almost all PSU banks. > NIFTY PSU Bank index chart is in massive UPTREND. When entire sector is performing individual stocks are most likely to run along. > I have selected PNB and BOB because of it's wonderful chart pattern. > One more very important thing is that government is about to setup a BAD BANK. Which will help all PSU banks tremendously in cleaning their Balance Sheets, consequently valuations of these PSU banks will automatically improve. What is BAD BANK? A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. The entity holding significant nonperforming assets will sell these holdings to the bad bank at market price. By transferring such assets to the bad bank, the original institution may clear its balance sheet—although it will still be forced to take write-downs. This will help all PSU banks to get rid of their NPAs. FRESH BUY - AT CMP 81 OLD BUY - HOLD TARGET 1 - 160 (+100% aprx) Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! Team ShareMktSchool
BSE:BANKBARODALong
by ShareMarketSchool
BANKBARODA : Rising Wedge, upside 15.7%Rising Wedge Indicates the distribution phase in Bank of Baroda, In 1H double bottom formation has been formed and lead to fall in price of 82.50. Regardless of strong relative strength throughout technical POV fundamentals aren't good to hold this stock but here you can get 15% in short term. Upside Entry (breakout): @87.35 Normal Entry: @80.50-@82.50 For best entry wait for higher highs S.L: It's upon you. But below demand volatility it should be severe to your investment Points to be Note (Technical + Fundamental) 1. Price is in consolidation phase of 1 Week structure. 2. Price has been broke above the Supply levels and turns into Demand Volatility zone. 3. Relative strength is negative but balanced in uptrend act as a good to buy before volume rocks. 4. Company profit is increased fairly but very poor. Bcz mainstream income is negative and covered by other income to turn into positive net profits, March 2021 is -849 Cr 5. Company is not paying out dividend, but reserves has been increased by 50% in 2020 YOY and 9% in 2021 YOY. 6. Promoters have also pledged their holdings from 71.6 to 63.9%. 7. Cashflow from operation activity is -887 as compare to 18530 Cr in 2020. Let me know in comment section NSE:BANKBARODA what your views on this?
NSE:BANKBARODALong
by rajveerscolia
NIFTY PSU BANK INDEX - Very Bullish The index is forming an Inverted Head and Shoulder Pattern. Just broke out of the Downward Channel resistance this week. In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met. Between 2660 and 3360 there could be some consolidation going forward. Immediate short term - MACD crossover should give this space some momentum. My Fav picks from the index include SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
NSE:CNXPSUBANKLong
by CannySunny
9