Bank of baroda is consolidating just above it's all time high in triangle pattern breakout can lead to a multibagger rally please check weekly time frame you will get more clarity
Spotted Bankbaroda-bearish harmonic - in Daily time frame
Let us observe whether the harmonic pattern is valid or invalid.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST based on what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror Telugu
As the PSBs are in uptrend, all PSBs moved well in Jan series, 4hr time frame, reversal clearly seen and RSI bullish, so one can look for 240 or 235 CE Jan expiry, when price action seen.
#Bankofbaroda cash -Positional call
08 Jan 2024
Stock is at lower channel support
if hold yesterday low better
Looks good 228.10
and dips 224-225
(After crossing 230.10)
Tgt 238-240/248-250
SL 220
Cmp 224
Bank of baroda stock is giving breakout of 2010. The stock has tried to give breakout of the same level in 2014 but got failed and after multiple attempts, the stock was not able give a successful closing above levels of 204-218. Now the stock is giving a multi-year breakout with increasing volumes. Study this chart closely.
Disclaimer: The stock shared is only...
# Bank Of Baroda #
# SHORT TERM VIEW BEARISH #
# SELL - 226 : 230
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
NSE:BANKBARODA
✅ #BANKBARODA trading above Resistance of 221
✅ Next Resistance is at 270
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 has posted great results and trading at a PE of 5.72. CWH pattern can be observed where T1 comes out to be 226 which is ATH price as well.
Currently, stock seems to retested the neck line and may give a run up of 20%.
BUY - BANK OF BARODA
CMP - Rs. 195
Target - 1: Rs. 254
Target - 2: Rs. 321
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Timeframe - 4 months - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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If Price will comes at entry level before reach at institutional selling zone.
We can go long up to Selling Zone.(6 to 7 % target)
Trade or invest at your own risk.
We are not S.E.B.I Registered.
Bank Of Baroda - Near Resistance CMP 315.5
Monthly resistance 218 - 227
Support 194.7 - 198
Can Short in October Futures.
Hedge the position to protect the capital
