From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern
Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside
Can wait for a minor pullback to happen and then enter based on the daily timeframe.
Has a good potential on the upside with a Risk/Reward of 1:6
BANKBARODA has broken out on the upside from the symmetric triangle. Pullback done and reversed with a hammer candlestick formation. Can enter long with the target levels marked and SL for 76
PS: BANKNIFTY also looks strongly bullish in terms of the market trend
"Nobody knows what a stock gonna do, the least we can do is to build a plan and execute it".
Notes on the Charts. Aggressive entry or entry in the demand zone could be two favorable approaches to follow.
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