BANKBARODA trade ideas
TRADE SETUP_ A 20% up move in BOBThe Stock is looking like coming out from wave 4 correction and is in the right demand zone, ready for its next move up towards 225 zone(25% from CMP).
It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY).
190 is the crucial support for the stock and 185 can be used as a SL.
CMP - 191.25
SUPPORT - 190
SL - 185-186
TARGET - 220-230
Bank of Baroda looking strong on daily chartBank of Baroda looking strong on daily chart
BOB can give a short term move above 211
BANK OF BARODANSE:BANKBARODA
Buy near 198 and above
Sl- below 194 on day closing basis
Swing Trade
Target- 210/217
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Bank of Baroda Simple Analysis BullishNSE:BANKBARODA is making HH and HLs in the Daily chart and is reacting from a Fresh Trap Zone.
The expectation is price will make another HH from here as that is the habit of the price. So, we can think of taking a long trade with a small risk to get the 3.65: 1 Reward to Risk. That is a 10.70% Return on Investment in quick succession.
BANK OF BARODA
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
"LONG Bank of Baroda"Bank of baroda broken the falling trendline and retested also done
Above 108 looking good for the target of 143,157,197
Bank of Baroda under performing banking sector may boom
forming double bottom pattern
low stoploss with high returns
may take support @ 200 ema
#be patient enjoy returns
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Bank Of Baroda
🔍 Description: The PSU Bank sector is on fire, Bank Of Baroda is on Linear scale support, in case of bounce back it can touch 220 to 258 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BANK OF BARODAI am seeing bank of Baroda in a verge to break the channel above 196 level.
Above 196 we a see smart 20-25 points move in bob
Bank Of Baroda.Bank of Baroda
Ready for a breakout
But this type of breakout is risky due to quick movement towards the Resistance.
It will Sustain above the 190 +for a few days then it will rock.
BOB multiyear breakout level!!Stock is trading near nultiyear resistance and might pullback before giving a breakout. Breakout is on the cards in the near term.
BOB GOING FOR THE HOME RUN
We see Wave 1 : Its a 5 Wave sequence structure as such that the Wave 1 is a Leading Diagonal and hence the Wave will have a full 5 Wave sequence structure in the upward direction.
Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory.
We have an Annual Demand, wait for the Price to come into the Annual Demand
ENJOY THE RIDE ! ! !
Bankbaroda near trendline breakoutBank of Baroda near trendline breakout, if the breakout happens tomorrow then good stock to enter for small bounce
Bank of Baroda Retraced Near 20 DMA Retraced Near 20 DMA
And near the bottom of Last big green Candle that active as support
BANKBARODANSE:BANKBARODA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Bank of BarodaBank of Baroda
C&H Formation: Yearly / Weekly Basis
Price BreakOut Done & Sustained on Weekly Basis.
Need to sustain above 203/216 for Big Upside.
Strong Vol. Consolidation / Continued BuiltUp.
Resistance at 197 / 199 / 202 /210 / 216 / 225
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
