Bank of Baroda 9 Jan 2020Posting levels for mitesh Thakkar
Decision Range
94.7-95.15
Support for the day 93.85
Resistance for the day
96.25
Expectation
Resistance of 96.25 might be tested tomorrow
BANKBARODA trade ideas
BANK OF BARODA,MONTHLY TF.The channel is bullish but price made a bearish pennant .i am expecting a downward breakout and rsi also took support at rising trendline . after breakout short term target could be 91-90.. if there is any room for correction or suggestion then please feel free to add value.
Bank of Baroda Stock AnalysisBuy Trade Setup:
- If goes above 104.7
Reason(s) for Trade:
Near the Resistance with capability to break-out
Candle size near the resistance is good
RSI is above 50+
Previous Break-out was failed ( the break-out candle's previous candle was not of good size and also RSI was in overbought zone)
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BANKBARODA LONGSymmetrical triangle pattern broken to the upside .. lets wait for the price retracement and look how the price moves further
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
BANK OF BARODA BULLISH DAILY CHARTBANK OF BARODA AFTER LONG CONSOLIDATION SHOWING A GOOD BOUNCE FROM DAILY KUMO AND TODAY CLOSED ABOVE BOTH KIJUNSEN AND TENKENSEN. A GOOD UPMOVE CAN BE SEEN ABOVE 102.15 WITH A STOPLOSS OF 98
Bank of Baroda Trading Idea (Swing)If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
SHORT BANKBARODAShort Bank of Baroda as a Bearish Belt Hold Pattern has been formed which signals a downtrend
MACD is also showing a correction
RSI is well above 30 zones meaning that its still not Oversold and we may see a Pull-Back Soon
103 is an important Fib Resistance level and there is heavy Call Writing in OC at 100,105,110 levels so they will act as very strong Resistance.
AT 97.05 call writing is relatively higher which confirms that BANK OF BARODA won't sustain this level
There is a support at 95 levels and as the Bollinger Band is also contracting this level so some sideways movement so add a trailing target, where our first target will be at 95 levels and if that level is breached our next target will be 90.
This trade has a high probability of hitting its target.
Also, I think most of the PSU BANKS will end up in the RED region on 9 DEC include NIFTY PSU BANKS, this I will confirm by my analysis if I am not busy.
Happy Trading.....
MOMENTUM TRADE IN BANKBARODA !!(DEC FUT)!!MOMENTUM TRADE IN BANKBARODA
VIEW
-THERE IS RISE IN OI +RISE IN PRICE
-PIERCING LINE
-CLASSICAL PULLBACK AFTER BREAK-OUT
CHECK PREVIOUS IDEA
TRADE VIEW:-
DEC FUT
BUY@104.5
STOP@100
TARGET 1@109
TARGET 2@115
TARGET 3@121(POSITIONAL)
LOT:4500
QTY:2
bank of baroda on axis pointIntraday trader's can sell below horizontal line for the target of next H.line below
or
you can buy once we see a trend-line breakout.
right now its choppy, also keep eye on rsi
BANK OF BARODA FORMS INVERTED HEAD AND SHOULDERBOB forms head and shoulder bottom so it can be a trend reversal !! if you are gonna trade targets are 115 and 118
BANKBARODA... Time to go bullish, eh?Target , around 107-108 and optimistic - 116
sl , remove half at 98 and full exit below 90.
BANKBARODA - HEAD & SHOULDER Breakout BANKBARODA has given H&S breakout. Important levels highlighted in chart. Should be good long opportunity.
Bankbaroda - Out of the Box!A consolidation breakout toward the up side in bank baroda indicates that the stock has a higher probability to continue up side.
A Strong rejection of lows at lower price levels, consistently (marked in arrow) indicates accumulation in the stock.
Now that the price has broken out of the box, we can expect a move up in bank baroda in coming days
