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BANK OF BARODA

Symmentrical Triangle Formation in Bank Baroda(Daily TImeframe)

By Avinash9087
Updated
Baroda Bank is making Symmetrical Triangle pattern. Duration of this pattern is more than 8 months so we can consider it as a reliable pattern. Greater the duration taken by an underlying, more reliable it can be. So keep an eye on Baroda Bank and wait for Breakdown/Breakout. One can initiate the trade in Baroda Bank after crossing important levels which i have marked on the chart.
Trade active
Target 1= 175.85 reached
Trade active
Bank of Baroda Retesting. If price establishes support at this level (175.85). Then can expect next upmove towards 190.40
Trade closed: target reached
All Targets has been reached!
barodabankTrend Analysis

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