LOOKING GOOD ABOVE 106Bank of baroda looking for a good breakout above 106
Buy once a 15 min candle close above 106 with some good volume.
Sl 102 below 15 min candle closing
Target can be 118-121
BANKBARODA trade ideas
Chart Bank of BarodaBank of Baroda chart detail Bank of Baroda going to prayed its train line and try to create its new high there profit from Monday
BANK OF BARODA...No daroda this oneGood breakout this one...so buy with stop...entry and tgt in sight ....please see the chart...a pic tells a thousand words
Bank of Baroda support and resistance Gap filling
Trendline support
Horizontal support
Redy for breakdown
Rsi near 30
Macd also in selling pressure
Wait and watch for breakdown
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
