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.
Bankofbaroda
Bank of baroda EW analysischart explains that, a 5 wave upmove from near bottom(Rs39),is not sufficient to break its previous high (Rs103.60).
hencs this stock is not in a new trend , following after that a 3 wave correction is undergoing up to 14th march 22,to a level of Rs 78.65and 70.95
dont waste your time by trading these type of stocks
Bank of Baroda - View for the weekHi Friends,
Been tracking this script for a while.
Making a presumption that Point B should be achieved at the proposed level then only follow this XABCD pattern should be followed strictly.
I see the script making a top as per Point C for the coming few days and then retrace to a level at around 78-80.
So OPTION Retail traders be careful as this is a heavy lot for traders.
TRADE SETUP : Bank of Baroda TRADE SETUP
After a double bottom breakout stock moved sideways and On Sept 29th stock retook from its 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter.
BUY ZONE
81.00 - 82.50
STOP LOSS
Stop-loss is currently set at 76.50.
GOAL / Target : 1st 85.15 ( Short Term ) for Long Term ( 100 )
Our aim is to take ~16%
EARNINGS DUE DATE
Nov 26, 2021 Estimated
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.