BANKBARODA trade ideas
looking good for 70(around). keep on radar.Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Bank of Baroda - Inverse Head & Shoulder patternNote: This is for educational purpose only.
There seems to be a formation of Inverse Head & Shoulder pattern in Bank of Baroda with rise in buying volume. Moreover, RSI is above 60 indicating strong bullish momentum.
#4 Bank of Baroda -Expected BreakoutNSE:BANKBARODA
Long Bank of Baroda with a target of 50 and 65 for 25 to 30 day range
SL around 35
Reasons being:
1. Expected Breakout in Long term trend line in Daily chart
2. Bullish Momentum divergence in OBV as Price is falling but OBV rises
3. Breakout in OBV trend line
Place fR investing intraday profits besides ICICIBANKP ETF, ONGCOne good place to systematically invest in this counter for a good upside move. Targets are as shown
Bank Of Baroda
#BankofBaroda Out of All PSU Bank Stocks, Bank Of Baroda has highest upside.
On 4 Hr chart the price has broken out of the channel and has formed a nice base.
Target for this script is top of the channel.
CMP: 46.90
Target : 59
SL: 43
Upside : 30 %
Time Frame : 1-2 Weeks.
Risk Reward : 1:4
Bank Of Baroda Out of All PSU Bank Stocks, Bank Of Baroda has highest upside.
On 4 Hr chart the price has broken out of the channel and has formed a nice base.
Target for this script is top of the channel.
CMP: 46.90
Target : 59
SL: 43
UPSIDE : 28%
Time Frame : 1-2 Weeks.
Risk Reward : 1:4
BANK OF BARODABuy BANKBARODA above- Rs. 47 for the Targets of Rs. 57, 75 - 85.....
Stoploss- Rs. 35......
......
Comment your Views.....
Thank you,
Vishwajeet Sharma
POSITIONAL LONG ON BK OF BARODA(NSE) !!!This analysis is only for educational purposes, Invest at your own risk!
Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR.
The price may soon rebound an open an amazing long positional position.
The trade can prove to be good for positional traders who are agreeing to lock in at
this price and wait for the price the head in the north direction
Traders should get in only when the price rebounds and not before that.
The Stop-loss should be placed bellow the lower support line i.e. below 26 INR
Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits
Any kind of criticism is highly appreciated !
CHEERS!
New lower waist is forming in Bankbaroda2 patterns are about to happen in Bankbaroda.
a. Double bottom at 33.40
b. Taking support in a downtrend line.
Both of the above things are going to happen at the same level of 33.40. So we might see a temporary pause in the fall. One shouldn't jump into buying by seeing the double bottom pattern because if this pattern breaks then the next support is at 16.7 levels.
NSE:BANKBARODA
Bank of Baroda Huge fall doneNow bearish wedge pattern completed...
Waiting for breakout.. one break out done.. maximum target level 2 is possible...
Do not go gentle into that good night & Do not catch a ?Falling Knife :)
Just because it's cheap doesn't mean it's value.
Happy Trading :)
BANKBARODAThe stock is forming a falling wedge and we have got a breakout. RSI also showing divergence on daily as well as weekly charts. If the stock sustains above 49 today then our near term targets would be 55/60. SL should be kept at 45.5
