Bank of Baroda set for a Huge Uptrend. Long Swing trade
Leading 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!
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!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.