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.
Bank of Baroda chart detail Bank of Baroda going to prayed its train line and try to create its new high there profit from Monday
The stock is trading within symmetrical triangle. Probability 1 - Breaking above the triangle and close above 110 will lead to a successful breakout, Probability 2 - Facing resistance near upper trend line and correct till 102. Worst case scenario - Breaking below 102 and head towards lower line of the triangle.