bank of baroda maybe shortit' a fib level of 50% plus a divergence just forming.
if we see a big red candle tomorrow, it can be a short trade.
The trendline looks good and there's a zone just above, maybe it'll touch it and form a bigger diversion.
it should b a better trade if the price touches that zone after breaking the trendline.
if it touches 170 round number like before, that'll be better.
BANKBARODA trade ideas
Bank of Baroda's Operations May be Hit by Proposed Employee UnioBank of Baroda (
BANKBARODA
, BOM:532134) said the functioning of its branches and offices may be affected on Nov. 19 in the wake of a strike called by the All India Bank Employees' Association (AIBEA), according to a Monday filing.
The bank said taking necessary steps for smooth functioning of bank’s branches and offices on the days of proposed strike.
[POSITIONAL] BANKBARODA LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Bank of BarodaThe Bank of Baroda
1st Strategy (Observe and buy with caution)
When you take NL 144, you're looking at 1228 days or 3.36 years of accumulation.
The price bracket is 146.
Target-157
Strategy 2 (Buy)
When considering NL 157.4, this refers to 1469 days or 4 years of the accumulation phase.
The Price range: 164 and higher
Target 1 : 228 (60%)
Time: 6 to 8 months (After the breakout)
Target 2 : 278 (40%)
Time: 10 to 12 months (After the breakout)
Note-This is not financial advice, it is only for educational purposes.
Do your research ( DYOR).
BANK OF BARODA - DAILY TIME FRAMEIts looking bullish, waiting for the BANK OF BARODA - to correct and then give us long opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
BANKBARODA - 20% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.