we can see the fall in BOB. The trend can may give the breakdown and then we can see the price falling down, having some reactions at the marked point.
Gap Spotted in Bank of Baroda which is waiting to be filled
Observe how it fills the gap, Might be that the stoploss gets triggered but fair probability that it wont.
Focus on Probability and Risk Reward !!
bank of baroda is about to give breakout after successful ascending channel....if it gives breakout last high (i.e above 143) then it is confirmed uptrend.
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...
📈 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...
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...
stock expected move bullish,
taking support at multiple locations and expected to break the tight trend line.
After the break out from the tight trend line stock is expected to move retest (retrace) and move bullish further.
Pls check levels on the charts
Bank of Baroda trading in a positive higher high and higher low channel, If it break and sustain above 103.85 level, T1 - 110, T2- 116, T3- 125
SL would be 94
Cup and Handle with Long term Resistance breakout in Bank of Baroda.
PSU banks have already given a breakout and are in an uptrend.
Looks good for targets of 140-160
