BANKBARODA trade ideas
bank of baroda mystery open longBank of Baroda in monthly ,weekly and
in daily time frame is forming cup pattern
if all go well as per technical of Bank of Baroda
very soon level of 92 than if handle forms it may correct upto 88-86 and
than after 92 level we can see breakout
upto 110-115
strategy upto price level 90
sell put @5.75
buy BOB fut @80
comments welcome
mcpriceaction
BANK OF BARODA: ATTRACTIVE VALUATION TO ENTER THIS MID-CAP STOCKBuy Bank of Baroda at CMP for a target of 100.
SL: 78, Horizon: 24W, All oscillators are positive. Chart is self-explanatory.
Bank of baroda Monday 24 May 2021The levels are drawn by personal analysis based on many years of experience.
The rally might continue a little to come down rapidly.
Trade Wisely and Smartly.
Trade the slopeLong term slope of Bankbaroda is looking up. Counter might see lot of hiccups to reach the upper median line. This set up is not for 2-3 years traders. It's only for those who are ready to see 50% capital erosion risk for 300% kind of return over a period of 5-8 years
Disc : it's not an investment advice to buy or sell
BANK OF BARODA: UNDER RADARTECHNICALS AND FUNDAMENTALS OF BOB LOOKING BOOLISH......
1) P/B IS LOW IN IT'S INDUSTRY.
2) RSI IS MID-RANGE.
3) EXPECTED TO GIVE SURPRISINGLY GOOD RESULTS IN RECENT QUARTERS.
4) FII/MFs INCREASED THEIR SHAREHOLDING LAST QUARTER.
5) ZERO PROMOTER PLEDGE
Only for educational purpose and not a recommendation to buy or sell.
Bank of Baroda Technical AnalysisWeekly Analysis:
On the 18th of May 2020, the downtrend of BOB shifted sideways. This sideways range continued for almost 27 weeks only to breakout from the range and change to uptrend around 1st December, 2020. The uptrend was resisted at Rs. 100.60 in the mid of Feb., 2021 exactly at the levels of previous downtrend's beginning. This resistance further tested support levels at range breakouts at Rs. 60.40.
Daily Analyis:
After checking the support levels, we can see uptrend confirmations almost everyday. Expect the stock to check resistance at Rs. 85.00 to Rs. 88.00 in the coming week, 24th May, 2021 to 29th May, 2021 followed by next Take Profit at Rs. 100.00. Once the Rs. 100.00 levels are broken, the further targets on weekly at Rs. 145.00 and next at Rs. 200.00.
Stoploss should be kept at Rs. 70.00 for safe side and a minimum risk stoploss can be looked at Rs. 75.00
Union Bank - Targets for next weekMentioned targets for Union Bank for the next week. Banking stocks are totally bullish. Keep a watch.
Buy BANKBARODA for 15%I have shared the analysis before hand only in our other profile.
Buy-Above 80
SL -73.5
Target- 87 95
Duration- 1-2 Weeks
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You can also check the below related trading ideas and my personal trade setups.
Bank of Baroda Cup and handle formingPossible break in medium term horizon
Entry after breakout should be done and target of 135 can be reached.
As we can also see the 200ema is also visible at the neck line of cup and handle and the confluence breakout is the high probability trade setup.
Time horizon is 4-6 months
Bankbaroda head and shouldersHead and shoulders forming. Also, the shoulder formed at previous support, which is now acting as resistance, further confirming reversal.
