Bank of Baroda has completed long-term cup and handle formation but has hit resistance and finds it difficult to cross current levels. Once it can close above the current level, we can expect a min INR 150 upside from here.
BOB has given a multi year breakout at the level of 229. Re-Test level 218-225 Target -270/304/330
Hi, Here I am sharing NSE:BANKBARODA upcoming levels which could be treated as support and resistance. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
We see Wave 1 : Its a 5 Wave sequence structure as such that the Wave 1 is a Leading Diagonal and hence the Wave will have a full 5 Wave sequence structure in the upward direction. Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory. We have an Annual Demand, wait for the Price to come into the Annual Demand...
NSE:BANKBARODA 10% quick gains on daily timeframe. Monthly outlook bearish. *Not a financial advice to buy or sell. Only speculations. My charts speaks louder than words. I'm a chartist and I paint charts.