BANKBARODA trade ideas
A good share for short selling......Here is what I found.... That is evening star and I think that it is going to fall definetly...
For confermation you may use indicates like macd, Rsi, etc....
BANK OF BARODABUY BANK OF BARODA CMP 83.85
1st Target 95
2nd Target 105-111
Stoploss 75.7
Trend Analysis:
Bank of Baroda has broken a 5 year old falling channel which started from early 2016. Healthy rising volumes are also supporting this move.
Moving Average Analysis:
10EMA crossed the 20 and 50EMAs on the daily chart
BANKBARODA - Asc Triangle BreakoutAs on 23-05-2021
Asc Triangle Breakout
Volume > Average on breakout
Full Body Candle
RSI > 65
Even though stochastic overbought , FBS top
FBS top , negated FBS bottom .
Final Target of 95 levels
Bank of Baroda set for a Huge Uptrend. Long Swing tradeLeading banking stocks are moving higher breaking out from falling channel.
Similar breakout happened in Bank of Baroda which has given a successful breakout from its multi-year falling channel, retested it and continuing its upward move very smoothly. Also we can see a Flag & Pole pattern formation at the bottom of the downtrend indicating a near term target at 110-116 from CMP. RSI is also in a good upward momentum. Upmove comes with huge volumes.
High conviction trade.
You can also spot Cup & Handle pattern forming with a neckline zone of 87-93.
Happy trading!
BANKBARODA: sort or break above 78.15BANKBARODA: 78.15, crucial price.
-Based Support/Resistance and Trendline on 15 min chart
-Possible scenario:
Sort selling could possible to retest the trend line.
Close above that price would be bullish.
BSE:BANKBARODA
Bank of Baroda at support74 is good resistance for BOB , if breakout then next target will be around 72.85
Bank Of Baroda - Looks bullishNSE:BANKBARODA Bank Of Baroda - Looks bullish as it is forming a kind of Cup with Handle pattern. The pattern is yet to form but volume spurts are building some confidence and biasness for it.
My setup would be like -
Entry - CMP (77.5)
SL - 69~ (10% approx)
Target - 15-20% approx.
Timeframe - 3-4 months max.
Note:
Please note, I am not a SEBI registered and this study is not a TIPS. Please consult your financial advisor before actual trading.
Technical Analysis of Bank of BarodaTechnical Analysis of Bank of Baroda
Here,
In 1 day chart cup and handle pattern form.
After breakout it will give good rally.
In my opinion it will touch above 90 very soon.
So hold
NSE:BANKBARODA
BB wait for falling wedge breakout for long term entry wait for falling wedge breakout for long term entry
BOB CAN BE A GOOD INVESTMENT OPTIONtrend has changed with HH & HL formation with good volume support
