showing perfet uptrend and currently giving retracement , so it could be opportunity for short term selling movement for recent expiry . confirmation : there is a perfet break of agressive trend in lower time frame .
Bank of Baroda Futures CMP:- 101.85 SL below:- 91.45 Targets above:- 115.00 Clear uptrend Looks like a bullish reversal Last candle took support on 20 EMA and bounced back which can be a show of strength. RSI too gives a little confidence as it is above 50 and we do see a reversal there too.
You can see the picture on a clear one hour chart that there is a uptrend which would be followed by couple of higher high’s and higher low’s and patterns (head and shoulder). You may share in case you have questions, I could share more depth analysis..
or it may go sideways.
GOOD BUY AT SUPPORT STOPLOSS - BELOW SUPPORT LINE
weekly time frame breakout in bonk of baroda