Short at below 164.2 for stop of 166 with Target of 162 Short at below 164.2 for stop of 166 with Target of 162
BANKBARODA trade ideas
BankbarodaGo long abv 194.. Rising channel BO.. In channel since last one year.. Stop below the lower TL
Mulltiple confluence suttesting a short Although PS Banks moved vertically in last 2 days but the price has reached at Upper medium line of good frequency Pitchfork and getting resistance there. Good trend line was broken and price are touching it from below so another reason to short it here. One can short here with SL of 173.50 on closing basis for a target of 145.
BankBarodaNSE:BANKBARODA
Bank of Baroda is moving upside, according to me there is buying opportunity for the target of 174.25
BANK OF BARODA BEARISH CANDLE WITH RSI DIVERGENCEBANK OF BARODA BEARISH CANDLE WITH RSI DIVERGENCE
TRAINGLE IN 30 MIN
Bank Of Baroda LongAs RBI is facing tremendous pressure to bail out PS/Corporate banks I believe that we will slowly begin to see a short term correction in the bank sector. I expected BOB to either break out and test supply zone at 190 before potentially making another leg up. The second scenario is that the bearish sentiment forces BOB to test demand zone at 100-120 before it continues to test the supply zone. This is big short term reversal point for BANKNIFTY. RR at this level is high.
