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BOB

BANKBARODABoB has already given a falling channel breakout out of monthly charts and has been under bullish momentum since last few months. Price has formed a very strong bullish candle on weekly charts at previous resistance, which it did broke out in past after forming a rounding bottom on weekly charts. The current closing indicates that price is confirming the previous resistance turning into a good support and is potentially gearing up for its next upmove. The pattern target for this rounding bottom are coming around 280 levels which is also coinciding with a potential wave 5, which can be 100% extension of wave 3 (from April'21 to Dec 22) on weekly charts. Overall price action is suggestion very strong bullish sentiments in this script and can be kept in radar for long term perspective Also sharing details of PSU Bank index related idea section which I had analysed in past in August 2021
NSE:BANKBARODALong
by aktradelearning
BANKBARODA As indicated in my other post related to PSUBanks ( idea, which looks to be bullish. BoB in PSU Banks is looking a good setup and here is my overall analysis for this On Monthly timeframe, price has given a falling channel breakout and also given multi year breakout of 2018 high and has retested as well it On weekly time frame, stock has given a rounding bottom breakout and is now forming a falling wedge kind of pattern at 38 to 50% fibo support zone of the run from June low to Dec high. Breakout of this can lead another bull run in this script and rounding bottom target is coinciding with 100% Fibonacci extension of up move from April 2021 to Dec'22 There is also another view that the stock might be forming a cup & handle pattern on weekly timeframe with below chart formation (cup high = 2017 high) On daily timeframe, stock is currently in symmetrical triangle, with price testing the upper resistance trendline fourth time and is consolidating near it. Any breakout this time can give a momentum on upside Also, on daily tf keep the below setup in radar as well Overall the setup is looking quite bullish here :) Happy trading
NSE:BANKBARODALong
by aktradelearning
#BankOfBaroda At Resistance NSE:BANKBARODA 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BSE:BANKBARODAShort
by linesandlevels
3
Bank of Baroda Breakout Analysis !!📈 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 basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:BANKBARODALong
by ShelendrAgrawal
BOB Positional Long, target 160+ Position Long above 110 • Stock has made new yearly high • Stock is in formation of Inverse Head and Shoulder pattern on weekly chart and has breached above 110 If stock manages to close above 110 on weekly basis, one can initiate long strictly above 110 levels for the target of 160+ levels with stop of 87 on closing basis. ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************
NSE:BANKBARODALong
by viralkadecha