Bank 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...
BANK 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
As 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...
Buy 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
The stock has been trading in an 18-week consolidation base.
Yesterday, it broke out of a downward-sloping trendline connecting the highs of January and March 2023 on above average volume.
RS line is trending higher.
It entered the bullish zone, with a positive crossover on MACD.
Time and time again I keep telling keep patience for few days, however some people don't have patience and thinks once the idea is publish it should work immediately like an instant noodle.
Guys you need to keep some patience before entering the trade.
we are seeing correction in Bank of Baroda, We have completed Wave A and we are about to complete Wave B in...
BUY - BANK OF BARODA
CMP - Rs. 166
Target - 1: Rs. 195
Target - 2: Rs. 235
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Technicals - 1) Bullish Flag Pattern Breakout
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Fundamentals - Deposits rose by 15.1% YoY in the quarter ended March FY 2023.
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The scrip has faced resistance at
- 66% retracement level of the earlier 5 wave down leg; and
- falling trend line from the highs
RBI policy tomorrow, may help it to get back to 169-170 odd levels to complete the structure.
We would be keenly watching this scrip for next leg down.
Let's see how this develops.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 28th March, 2023
2. The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to...
BOB looking good on the chart and it has broken the descending channel pattern. We can expect some more upside in the stock i.e., till 178 then it may correct and take support near the ascending channel pattern upper trendline and manage to sustain above that trendline it will again move to the next target.
it is just my view and may be wrong at any point in...
