1) On 1day time frame, we can see kind of rounding bottom formation and it gave closing above 115 level.
Next breakout level is 116.
Please refer below chart : 1day time frame.
2) On 15min time frame, rounding bottom pattern formation.
Please refer below chart : 15min time frame.
📈 Bank of Baroda 📉
This Stock broke out from a Resistance zone of 105-108 after testing twice. I am biased on long side because todays candle is strong green.
On Buy Side I am looking for Targets of 118.
StopLoss should be kept at 105.
It offers 1:1 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
#DEEPAKNTR reached ATH and retraced, now reaching to resistance level @ 2500 levels.
Sustaining above the level may give positive momentum.
Post confirmation, may try 2500 CE with SL of 2300.
Happy Trading !!
Check the Other levels shared and resulted today !!
#TATAPOWER - 42K
#MANAPPURAM - 17K
#DIXON - 21K
#IDFCFIRSTB - 15K
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. ...
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 trailing stop below all the wave step by step.
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 and maintain discipline throughout the...
It has formed rounding bottom pattern on daily time frame. Breakout of it seems to be happen in coming days.
But I have mentioned safe trade levels on either side. Better to wait and let this levels break and then take trade.
Do comment your doubt or suggestion.
BANK OF BARODA HAS BROKEN THE TREND LINE AND GIVE A WONDERFULL SWING TRADE OPPORTUNITY.
BUY - AROUND 75
TARGET 1 - 85
TARGET 2 - 95
MAKE MONEY WITHIN A WEEK!!!
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Bank of Baroda (NSE Cash)
Hourly Charts (Medium to Short Term + Support and Resistance Levels)
My first impression on looking at the hour charts is that this is a very weak stock at this level as I have drawn a clear downtrend line and the candles are not even trying to break this line as of now.
Keeping the judgement aside, I will now get on to the reason of...