BANKBARODA trade ideas
bank of baroda pricee moving in pricechannel...........................................................................................
Bank of Baroda Great opportunity for swing traders in Bank of Baroda, it can break an heavy resistance of a trendline which is been tested multiple times (Monthly TF).
Bank of BarodaThe 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.
My view on BankbarodaBankbaroda forming a very clear inverse Head & shoulder pattern.Also giving trendline break out.Looking very short term target 115++.
BOB Long Play game planAnalysis:
# BOB closes the week strong. Went below 100 triggering the stops, took support at important 90-91 level and close above 100 for the week.
# The stock is in uptrend and just made a 2.5 years high in 7th feb week.
# Fundamentally PSU banks have completed the grueling NPA cycle and it seems better days in terms of higher NIMs and profitability are ahead.
Gameplan:
Entry :
# Since the stock is making a lower weekly high for 5th straight week, a rise above this week's high of 105.45 will break this pattern.
# buy above 105.5 with SL @ 90.5 {15/- risk)
Exit:
# Fall below 99 exit half qty to reduce losses rest at the SL of 90.5 { This will reduce the risk as the stock should not fall below 24th feb low if it has to move higher)
# Book profit on 1/3rd shares when stock moves to 115 and move your SL to 98.5 for the remaining 2/3rd
# Assuming 150 shares were bought, 50 shares exited at a profit of Rs 475 (9.5 per share), Sl for remaining 100 shares moves to 98.5 (7 per share). The trade becomes almost risk free with just Rs 225 at risk now (700-475), against the initial risk of 2250 (150 * 15)
# Plan to exit another 1/3rd at 140 and then trail the stop to new weekly low for the rest of the quantity.
BOB bullishBullish on BOB. The price action on weekly timeframe looks good and favorable for crossover. Stock has been consolidating in a channel for long now and also hasn’t participated in the market wide selling In last couple of weeks compared to other pub sec banking stocks.
Bank of baroda bullishBeating banknifty and NIFTY continuously with increasing delivery volumes.poised for unmove with 102 as SL
BANK OF BARODA WAVE ANALYSISBANK OF BARODA completed wave 1 and 2 and huge,powerful wave 3 in force.DISCLAIMER:this is just my view,if price patterns change i will also change my view.
BOB trendline resistance.I have done my analysis as per education purpose only.
And I have share my view to learn from my mistake,
So if any mistake I have made on the chart please correct it.
BOB on a Roll..BOB CMP 112.85 was given in October at 87.45 a revival was predicted today all targets are done as BOB reached a peak of 117.2 today. November 9th to February 7th Less than 3 months Returns 34%💥💥💥💥.
Revivals do happen even in not so Bullish market environment. 2022 will be all about patience. Every year stocks will not run wild.
Even in 50 over cricket there is a Power Plays / there are Slog overs / There are phases where consolidation will happen. Market will not run in overdrive mode all the time.
Hold on to Fundamentally strong stocks. Hold on to Break Out stocks. Quality will be key. Research will be key.
118 is not major resistance. Crossing that BOB can go to 127. Keep trailing stop loss at 94.
Shorting Opportunity in BANK OF BARODABank of Baroda has made Shooting Star. Its low is also broken. Now it's time to short.
more details in chart.
Breakout in BANKBARODABOB has given breakout with volume after long time and sustain for while as well to confirm that the breakout was genuine.
Expected targets 110, 135 and 165
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
BANKBARODA Looks Good for positionalNSE:BANKBARODA
BANKBARODA looks good above 80.
its can be trade for short term with the targets of 85, 90-92
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.
BOB available at a good Value Again.Bob Good Improved Fundamentals and One of the leading Public Sector Banks
