BANKBARODA trade ideas
Bank Baroda CMP 75.25Bank Baroda - CMP 75.25, It has channel break out with volumes. Today when market corrected it just took the support of upper edge of rising channel and reversed. It is going to see the levels of 75, 80, 86, 92 with a stop loss of 67. Another point to note is that MACD line has crossed signal line yesterday which is the start of rising trend. On earlier occasion also when MACD bullish crossover happened scrip went up by 20 rupees. This time also if it rises by 20 rupees then it can go up to 91. This analysis is for educational purpose and if any investment to be done shall be done after consulting financial experts.
Bank Baroda CMP 65.6 BankBaroda- CMP 65.6. It is bullish for past few days but now in consolidation mode. MACD blue line is going to cross red line which is very positive for upward movement of stock. Check up the previous instances whenever MACD blue crosses red line, price goes up. Above 67 it shall go to 74 and 86. This is purely for educational purpose and any investmade shall be done after consulting financial expert.
BANKNARODAI'm not an expert I'm just sharing my views on BANKBARODA for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
Bank Baroda- CMP 59.05.BankBaroda- CMP 59.05, It is on continuous rise for past one week from 47 to 59.05. Its RSI has touched resistance. Will RSI breaks this resistance or not to be seen. Seems to bein overbought zone. But it convincingly closed above its almost 9 month high. MACD is still showing positive divergence. On friday as per OI it has got short covering. It has cleared many resistances and i feel it may go to the levels of at least 70 in this month with intermittent corrections if market does not fall badly. This is for educational purpose only.
rounding bottom formationrounding bottom formation , it may form cup and handle also ,
closing above 54.80 (with wide spread and volume) - positional
intraday- stock is on verge of breakout ,may give decent move.
Buy BankbarodaStock is at monthly demand zone and also breaking the trend line. Enter at the confluence area and place the stop bellow recent swing low.
Bank of Baroda - BSE - India*****Please follow, like, and support this idea, if it helped you in anyway*****
***This is not a financial advise***
Bank of Baroda fell sharply from the support level turned resistance and now holding on to another support since 5 months and seems like that it might test the resistance level again - this might take one year to two years or could even take next three months before the earning starts.
Going in with the views -
BANKBARODA Daily BULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
BANK OF BARODATHE WAY IT HAS BEEN TAKING SUPPORT AT 45, ONCE AGAIN IT HAS STOOD ITS LEVELS AND WITH 45 AS STOP LOSS IT CAN BE TAKEN FOR A TARGET 47.25, 48.50 AND 49.50.
KINDLY TRAIL STOP LOSSES
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Bank of Baroda breakout Bank of Baroda Breakout after a long consolidation gave a huge breakout , which is an indication that some big players have entered the game. One can go long over retracement on the breakout level.
This is just a study.
