EWTMarkings on chart. Expect BOB to touch 49.60-50 and then reverse for 45-44. From 45-44 expect upside towards 75 with SL below 40
Bankofbaroda
Bank of Baroda - Inverse Head & Shoulder patternNote: This is for educational purpose only.
There seems to be a formation of Inverse Head & Shoulder pattern in Bank of Baroda with rise in buying volume. Moreover, RSI is above 60 indicating strong bullish momentum.
#4 Bank of Baroda -Expected BreakoutNSE:BANKBARODA
Long Bank of Baroda with a target of 50 and 65 for 25 to 30 day range
SL around 35
Reasons being:
1. Expected Breakout in Long term trend line in Daily chart
2. Bullish Momentum divergence in OBV as Price is falling but OBV rises
3. Breakout in OBV trend line
Bank of Baroda Huge fall doneNow bearish wedge pattern completed...
Waiting for breakout.. one break out done.. maximum target level 2 is possible...
Bank of Baroda LONGRSI Divergence and Bank of Baroda has not participated in the current rally.
Go Long with Target up to 65 wit SL of 48
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
Descending Triangle Formation & Neutral CandlesticksDescending Triangle formation on Bank of Baroda Chart.
Descending Triangle is a consolidation pattern .
According to the pattern, a possible downside breakout is expected.
Watch the last 3 Candlesticks:-
16 April 2020 - Dragonfly Doji
17 April 2020 - Spinning Top
20 April 2020 - Long Legged Doji
All these candlesticks are neutral candlesticks .
Long Bank of BarodaI feel Bank of Baroda will hit ₹108 by this month. If not by this month, mid-Feb for sure.
Bank of Baroda Stock AnalysisBuy Trade Setup:
- If goes above 104.7
Reason(s) for Trade:
Near the Resistance with capability to break-out
Candle size near the resistance is good
RSI is above 50+
Previous Break-out was failed ( the break-out candle's previous candle was not of good size and also RSI was in overbought zone)
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ProfitPattern is a purely educational Research unit and not a SEBI registered. Please be noted that Risks/losses are associated with stocks trading; and it's all your acts & liability.
Bank of Baroda : Getting ready for move up?BANK OF BARODA: The stock is taking support at the KS line, forming a bullish sash pattern. The RSI is into 60-40 zone after getting above 60 levels, the move seems to be sideways with a positive bias. The MACD is into bullish zone above 0. Everything above indicates bullish possibility in the coming sessions. However a move below 93 may negate the view.
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BOB LIKELY TO FINISH ITS CORRECTIVE MODE SOON ACCUMU FOR 144-15011-10-19
BOB is showing some support around 85.65 zone
if broken it is likely to continue its fall which started in Jan 15.
What is probable is to find support in 82.65-74.95 zone and
if this happened we can see 150 levels in coming months
Long on pullback
BANKBARODA - 240MIN - Ready for reversal ?Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal.
Stoploss - 88.65
Target 1 - 99.05
Target 2 - 103.35
Target 3 - 107.30
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
Bank of Baroda trading near multi year support zone (DO or DIE)Bank of baroda trading near demand zone 90-100 . with major weekly support at 85.
if closes above 100 next week then one can go long.
and in worse case it closes below 85 we are heading to a much lower level. that would be a major break down for the stock.
Now at wait & watch zone
Long above 100 with SL 95.
Short below 85 with SL 90.
BANK OF BARODA - 60MIN - Bearish Pennant formation Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
DISCLAIMER
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
Bank Of Baroda 1 hrs LongChart shows double bottom in 117.30 Levels.
Buy above 119
1.Target 127
2.Target 133
BANKBARODA (Bank of Baroda Ltd) BUY ABOVE 126BANKBARODA (Bank of Baroda Ltd) BUY ABOVE 126
Respecting the trendline at the lower level. Breaking the upper trend line will give a breakout in stock.
