BANKBARODA trade ideas
Bank of Baroda EWT Analysis Research Bank of Baroda trend intact on the higher degree it trades present time in Expended Diagonal,
1. The price had traveled 36-100. May 2020 to Feb 2021.
The First cycle had completed in 5-3-5 .
2. The Second Cycle in progress it is 5-3-5-3 complete and the fifth wave is incomplete it may be five structures on a lower degree
3. Price maybe travels as 1.27% -103, 1.618% -110 for 3rd wave and if price correct for 4th wave and break 3rd wave structure for 5th wave 2.618% -130 it is the upper end of expanded Diagonal.
4. Price gives a valid breakout with high volume in the last trading session.
Disclaimer
it is my personal research Before investment please advise your finance adviser it is only for educational purposes.
Bank of baroda EW analysischart explains that, a 5 wave upmove from near bottom(Rs39),is not sufficient to break its previous high (Rs103.60).
hencs this stock is not in a new trend , following after that a 3 wave correction is undergoing up to 14th march 22,to a level of Rs 78.65and 70.95
dont waste your time by trading these type of stocks
Bank of Baroda - View for the weekHi Friends,
Been tracking this script for a while.
Making a presumption that Point B should be achieved at the proposed level then only follow this XABCD pattern should be followed strictly.
I see the script making a top as per Point C for the coming few days and then retrace to a level at around 78-80.
So OPTION Retail traders be careful as this is a heavy lot for traders.
Positional [Bank of Baroda Buy Idea]One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
BANKBARODANSE:BANKBARODA
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