1) Look at the past to learn the present
2) Stock exiting its upper boundary consolidation zone is good for the stock
3) Those who hold here can see the sun after the dark
4) Don't let market fall scare you
Reason for long
a) Weekly breakout
b) Good risk reward zone
c) if first 15 min is above previous day high, then it is a good buy area
d) SL compulsory
e) Channel support
f) vwap support
📈 Stock Name - Bank Of Baroda
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 284.
🚨Disclaimer: This is not a Buy or Sell recommendation....
Bank Of Baroda at a crucial resistance level of 14 years.
If it breaks out, then we are looking at huge upside. Alternatively, if it reverses from this point, then can be a good shorting opportunity for a swing trade.
My personal view is that a breakout is on the cards as monthly, weekly and daily RSI are all pointing towards that with good volumes. Only...
A Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:IOC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is...
NSE:BANKBARODA
✅ #BANKBARODA trading above Resistance of 270
✅ Next Resistance is at 332
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Bank of Baroda has given a trendline breakout, and it has retested the daily trendline, confirming the breakout. There is a dominant buy break in the 4 hour time frame and profit levels can be estimated according to the FIB levels
All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
It is engaged in providing various banking services.
Market Cap₹ 1,36,265 Cr.
ROE 15.1%
InstHold 28%
Growth 3 Years
Revenue 6%
PAT 153%
Bluesky Breakout with Volume.
BoB 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...
BANKBARODA-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Strong Volume Buildup
-Performing Good but had Bad Reputation
-Trading All Time High
-Just for Trading & Swing not for Investment
-Trading All Time High
Entry 🟢: Above 261
Target 🎯: 270, 380, 400, 425 ++
Stop loss 🔴: 220 WCB
Remark: Short Term
⚠️...
