BOB
Positional Trade Setup | Bank of Baroda | 09-08-2021NSE:BANKBARODA
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 mystery open longBank of Baroda in monthly ,weekly and
in daily time frame is forming cup pattern
if all go well as per technical of Bank of Baroda
very soon level of 92 than if handle forms it may correct upto 88-86 and
than after 92 level we can see breakout
upto 110-115
strategy upto price level 90
sell put @5.75
buy BOB fut @80
comments welcome
mcpriceaction
#cnxpsubank cup & handle formationcnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout?
Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3.
Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and Negative DMI facing down (suggesting bears are not interested) and with ADX at 30(very strong), this is a not to be missed opportunity Monthly Charts also confirming the pattern although ADX still sloping down suggesting the Index may move up with little time & bit of volatility. What`s your take?
Bank of Baroda Short Term Trend AnalysisA short term trend analysis of Bank of Baroda looks Bearish .
Taking support on it's monthly trend line (after breaking it).
Taking support on 50 days exponential moving average.
ADX is also showing an upcoming Bearish momentum crossing above 20.
RSI level is also around 30.