Bank of BarodaLong Cup & Handle Base
entry-cmp
sl- below 183.5
within base, selling dryuong up, red bars with low range and volume
BANKBARODA trade ideas
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.
BANK OF BARODA Swing trade idea...
Stock :: Bank Of Baroda
CMP :: 197
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Educational purposes only.
Symmentrical Triangle Formation in Bank Baroda(Daily TImeframe)Symmentrical Triangle Formation in Bank Baroda(Daily TImeframe)
Disclaimer = All my analysis is for Educational Purpose only. Before entering into any trade 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
As per my Analysis Bank of Baroda Reached my 1st Target. Now price is retesting the target level which is also a support level. Price has successfully retested the current support level. Now price is ready to move towards my next Target.
BANKBARODA Long SetupAttached: Daily Chart as of 16th June 2023
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so the money flow is shifting
BANKOFBARODA go for longChanging trend , can go for long , following support line and trend breakout , entry only after breakout .
Potential Triangle Breakout in BOBOne can go ling above 190 with following reason
Stock Price is in 52 week highs range and its PE is at All time lowest i.e 6.5 x
SMI indicator showing strength at 3H TF
Above Avg Volume
#Bankbaroda cash : Super strong once above 190.10#Bankbaroda cash -Positional call
16.06.2023
Looks good above 190.10
Stoploss 180
Tgt 208/224
Cmp 188.10
Bank of Baroda Pennant patternBank of Baroda Pennant pattern formation on daily TF. RSI has already broken the trendline, lets wait for price to breakout of the pattern. SL will be 167 and target 1:2 RR.
BANKBARODA - Weekly AnalysisIn the Weekly Chart of BANKBARODA,
we can see that; it is at very crucial level.
Let it break and then enter with SL.
Buy Bank of Baroda for TGT 220Bank of Baroda (BoB) is a leading public sector bank in India. It is a state-owned financial institution that provides a wide range of banking and financial services to individuals, businesses, and government entities.
Established in 1908, Bank of Baroda has a long and rich history in the Indian banking industry. It offers a comprehensive suite of banking products and services, including savings and current accounts, fixed deposits, loans, credit cards, wealth management, insurance, and digital banking solutions.
Bank of Baroda has a strong network of branches and ATMs across India and also operates internationally through its overseas branches and subsidiaries. The bank has a global presence in countries such as the United States, United Kingdom, United Arab Emirates, Australia, New Zealand, South Africa, and many more.
In addition to retail banking, Bank of Baroda provides specialized services for corporate and commercial clients. It offers customized solutions for corporate finance, trade finance, cash management, treasury operations, and investment banking.
Bank of Baroda has been recognized for its customer-centric approach, innovative products, and technological advancements. The bank has received several awards and accolades for its performance and contribution to the banking sector.
BANK OF BARODABANK OF BARODA has formed a rounding bottom pattern and looks good for a long above 188-190 levels (weekly candle breakout retest needed) with around 5-6% of stop loss ,for targets of 207 and towards all time highs of 228 levels , a breakout above all time highs will take the stock higher very quickly where sky is open
Bank of Baroda (BOB) Trade is going to be ON soonAs I have mentioned in my previous post to hold for couple of days before shorting, which was an advice because the top was not confirmed of the triangle, what you see a thrust of the triangle and it occurs sometimes, not always. Todays fall is giving a very good indication that we are about to see fall in BOB. Again just a word of Caution, next 4 to 5 sessions will setup the path to short, there is downward gap that has formed and its a tendency that the gap will get filled which will take it to 187.00 to 187.50, after that what happens we will see.
long positionalBuy above 177.85, SL 165 Tgt 197, 206, 210, 230 see these levels long term
Take Res from fibo golden level travel above fibo .50 level on multi time frame
strong supply zone activated at 190
