BANKBARODA trade ideas
bank of baroda Bank of baroda would be swing call, if it breaks the the trend line
please provide your views and opinions.
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.
BANKBARODA looks strong for long term can give 30 - 50% returnsI will buy BANKBARODA because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 70/69
Target : 86/95
Stop loss : 63.9
Bank of baroda analysisAnalysis on daily weekly and monthly time frame adjust the graph accordingly.
hope you will be able to see proper resistance and support levels that I tried to draw.
any ideas are welcome.
not bullish until a big news or it crosses the monthly frame resistance
Bank of BarodaBank of Baroda (NSE Cash)
Hourly Charts (Medium to Short Term + Support and Resistance Levels)
My first impression on looking at the hour charts is that this is a very weak stock at this level as I have drawn a clear downtrend line and the candles are not even trying to break this line as of now.
Keeping the judgement aside, I will now get on to the reason of using the hourly charts which is finding the right Support and Resistance.
The support is seen at 71.60 levels which is not very far from the CMP. The first impression may be proved wrong as we can see the Bank of Baroda is bounced back after taking support at the mentioned levels.
There is a resistance at 77 and 79 levels and this should be our target if we are going long in Bank of Baroda.
Daily Charts (Medium to Long Term)
This correction in Bank of Baroda can be treated as an opportunity to make long positions if you are an investor. The targets in medium term should be placed around the 90 levels.
Bank of Baroda - LongAs per the chart data, it is forming a reverse head and shoulder pattern. View - long for 6 months - target 40% and above.
Bank of Baroda Buy, Target 92/93Bullish chart pattern. Strong support at 76. Enter anytime, exit at 92/93.
Bank Of Baroda 3 Year 4 Month "Trend Line" Broken On Monthly TFBuy Bank Of Baroda At Cmp 85.4
Strict SL - 75 (DCB)
Target - 110/120/140++
Bank of Baroda- Tiffin BoxKeeping my position as neutral & waiting for the price to get out of the Tiffin box.
Go Short below 76.70.
Go long if price sustains above 80.60.
BOB: Multiple Support ZoneTrendline Support and 55 SMA Support....if these supports hold then we can expect a big upmove in the days to come
Bankbaroda-77.35Bank Baroda- It is in falling triangle wedge. May be fall will be arrested. IT has comeout of F&O ban from today. It may be go up from current price with SL 73 for a target of 80, 86, 92. It is not an recommendation for buy only for educational purpose.
#Bankbaroda cash : Support at 76/65-68#BankBaroda cash
14.03.2021
Support @ 76
Strong support at 65-68
Cmp 77.35
Bank of Baroda LongThe idea behind this trade setup is:
1. One group of traders who trade only based on Resistance and Support will see the level of 80 as a good support area and start buying.
2. Another group of traders who trade based on the Trendline Support will also get interested at these price levels and start buying.
So that means at this level there may be more buying interest. Entry needs to be managed properly and only after some confirmation.
BANK OF BARODA BK of Baroda is retracing and looking weak for short term and after retracement it might bounce back from Fib golden ratio or initiate the downtrend.
What you think. Follow my page and Inbox me for Entry/Target and SL
Disclaimer: I may or may not trade this setup, kindly consult your financial advisor before initiating any trade. I will not be responsible for any profit or loss.
