Scrip breakout is yet awaited above 207-210 aiming towards new highs (Target price) as defined on monthly charts. Eventually, PSB is going to be major beneficiary for recapitalization push https://thewire.in/190554/explained-great-indian-bank-recapitalisation-push/
Bank of Baroda around multiple resistance zone of 50SMA, Downward sloping Trendline .
However within prolonged downtrend stock has formed Double bottom pattern . Above
146 stock will give double bottom pattern , Trendline and 50 SMA break out .
A recent sell off in nifty hasnt effected the bank of baroda much compare to other indices stock.. this is due it being already bottomed out and 136-138 acting as a strong support hence we can short OCT 135PE can be sold @3.5 for a sleep money.
sell and sleep idea
NSE:BANKBARODA has been forming a descending triangle but has failed to crack below the support .
A breakout is expected now on either side.
Short Below 136
Long Above 140.85
Either side should give a good move. Chances of breaking down are more.