BOB forming Cup and HandleBOB in its way for forming beautiful Cup and Handle pattern. A PSU Bank with good fundamentals.
BOB
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!
Give BOB some love... I mean he's worth at least on more penny!I know BOB, he's a nice guy. I mean, sure, he has never even gone out on a date. I mean, he's only been bought and sold like a couple of times. But, look at that nice clean, simple, three spike bar pattern. Don't you just want to buy a little BOB, I mean really. Don't you want to be a rebel! A trading rebel!
Sorry, BOB isn't on very many exchanges..... I mean he's basically only on one little exchange. Honestly, I don't even know what BOB is?! Yes, I know that this is a very sophisticated analysis and very hard to understand... Sorry for all the technical jargon!
NIFTY PSU BANK BREAKOUTNIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT
STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
60 Day BTC Cycle Low - Prediction 9100 approx March 12th 2020Inspired by Bob Loukas 60 day cycle theory
Is this a Swing Opportunity ?Looking Bullish for BANK OF BARODA
will you agree with my view
please comment
I am not a Professional Trader
Recently started reading Charts
Short Bobs Visit on NZDCADBig battle took place at the top of this swing up. Break out bar (bob) shows that buyers are no longer accepting higher prices and can expect price to at least retrace to the median line.
If price gets high enough to visit BOB can go short based on evidence of nobody accepting higher prices above.
Can expect a bounce of the value area on the way up as shorts get closed from above.
