Reason 1: It is taking support at long time trendline
Reason 2: we could evident a channel pattern which look so strong from the past month.
Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart.
Reason 4: Emerging of morning star candlesticks right away at the confluence.
Reason 5: we could also...
1. Bank of Baroda is facing resistance in trendline drawn for a quite period of time.
2. One consider buying it after a strong close above the trendline.
3. The stop loss should be below the swing low.
Note: Only for educational purpose. Trade at your own risk
