Head and solder Completion trade Buy CMP Strictly Book Profit 1st Tg: 195, 200 or
Trail if Pattern Break Next Tg: 202, 209
With S/l: 188
Just For Learning Purpose.
Tx.
BANKBARODA trade ideas
BANKBARODA ANALYSISFormed bullish engulfing pattern exactly at the bottom of uptrend channel and demand zone.
Bank of BarodaBank of Baroda is in falling channel and made a good candle (morning star) with nice volume. Let's see if it can break the previous high of 210.
The content provided is for educational and informational purposes only.
Bearish on BOB for short termBearish RSI divergence
View negated above 205
may touch 184 level soon.
Pre-result : Price at Confluence zone: Trendline+Breakout zoneBank of Baroda is currently at a crucial breakout zone which also happens to be a trendline support zone. Price behavior at these levels is to crucial for either a support bounce or support breakdown.
BANKBARODA @ 201BANKBARODA @ 201
As long as 142/121 holds support, I expect more upmove towards,
227-239-259
287
312-325-344
Expected Trend CyclesHello Everyone
This is our long term view chart and this is our view.
Notes
# Expect price to move up in upcoming week (1or 2) in form of wave (5) { our medium term cycle}
# After that you will see a correction in form of wave ((4)) {our long term cycle}
# Expect price to move up in form of wave(5)
Note- This is our general view , activation level will be given when the pattern completed because littile bit of forecast changes as price progress.
7 months of consolodation & breakout & retestedBank of baroda
7 months of consolodation & breakout & retested of cup with handle pattern on daily chart.,...
Buy above 199 on daily closing basis..
Sl 185
Tgt 210-225-243 as per fib level & depth of cup
bankbaroda - buy on dipsBuy from cmp to 204.3
sl close bleow 203.7
easy tg - 207.4
tg2 - 210
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Bank of Baroda Bank of Baroda has formed Ascending triangle pattern on Weekly time frame, it has broken out of the pattern on daily TF but needs to close above the resistance level on weekly TF for fresh trade.
Entry: Breakout of structure (weekly closing basis)
SL: (For aggressive traders)-170 (For safe traders)-150
RR: MINIMUM 1:2
Let the weekly close happen first before taking entry.
Buy Bank of Baroda, now ready for breack all time high Bank of Baroda is a prominent public sector bank in India. Established in 1908, it is one of the oldest and largest banks in the country. Bank of Baroda offers a comprehensive range of banking products and services to its customers, including retail banking, corporate banking, treasury operations, and international banking.
The bank provides various financial solutions such as savings accounts, current accounts, fixed deposits, loans, credit cards, and online banking facilities. It serves a diverse customer base, including individuals, small and medium-sized enterprises (SMEs), and large corporations.
Bank of Baroda has a widespread presence with branches and ATMs across India and a global presence with branches in several countries. The bank has also expanded its operations through strategic partnerships, mergers, and acquisitions, both within India and internationally.
It's important to note that specific details about Bank of Baroda's current offerings, financial performance, or recent updates may have changed since my last knowledge update in September 2021. For the most accurate and up-to-date information, I recommend visiting the official website of Bank of Baroda or referring to recent financial news and reports.
Bank of BarodaLong Cup & Handle Base
entry-cmp
sl- below 183.5
within base, selling dryuong up, red bars with low range and volume
Bank of Baroda (Bankbaroda)The price is at an interesting stage, within 10% of its 5 year high of 206.6.
Breakout above this could see positive momentum.
However, as always, keep a stop loss of 5-8% if the trade goes wrong.
BOB Hourly suggest 5% upside in next 5 daysBOB Hourly chart is showing Breakout for 5% upside in next 5-8 days
LTP - 197
SL - 192
Target 208+
Time frame - 5-8 days
BANKBARODA As indicated in my other post related to PSUBanks ( idea, which looks to be bullish.
BoB in PSU Banks is looking a good setup and here is my overall analysis for this
On Monthly timeframe, price has given a falling channel breakout and also given multi year breakout of 2018 high and has retested as well it
On weekly time frame, stock has given a rounding bottom breakout and is now forming a falling wedge kind of pattern at 38 to 50% fibo support zone of the run from June low to Dec high. Breakout of this can lead another bull run in this script and rounding bottom target is coinciding with 100% Fibonacci extension of up move from April 2021 to Dec'22
There is also another view that the stock might be forming a cup & handle pattern on weekly timeframe with below chart formation (cup high = 2017 high)
On daily timeframe, stock is currently in symmetrical triangle, with price testing the upper resistance trendline fourth time and is consolidating near it. Any breakout this time can give a momentum on upside
Also, on daily tf keep the below setup in radar as well
Overall the setup is looking quite bullish here :)
Happy trading
PSU BANKING CHAMPION - BANK OF BARODABOB (BANKBARODA) has hit new 52 week high and hardly 15% away from it's all time high zones of approx 228.
The scrip has taken it's own sweet time and the way it is moving, it reflects a poised action. Expecting this to breakpast its ALL TIME HIGHS and head for 350++ levels.
cmp 199
Bank of baroda buy See chart I try to. Mark buy zone with target and stop loss
If any doubt comments.
AVOID LONG IN BKOFBARODABKOFBARODA near all time high resistance area where leading technichal indicator showing divergence on daily and weekly charts. Above 204 one can buy for 210 to 225 and then it will be in blue sky territory
BANKBARODA - Long Setup, Move is ON..NSE:BANKBARODA
✅ #BANKBARODA trading above Resistance of 196
✅ Next Resistance is at 221
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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
