BANKBARODA trade ideas
Buy and sell in a week BOB's you uncle!Easy money , all time graph clear reversal.
Already had a decent pump from 36 to 50.50 and i feel it should continue till 65.40 possibly 70 where our friend 200 will give it a slight rejection to and then we go back down to refuel to 53 and form the golden cross on the way up on the daily.
Q4 profits some 500 crore so people should start jumping on causing some volume to come in .. 86 may be on the cards in a few months and once we flip that a big zone ahead till 129.
Nifty is on track and may possibly retrace a bit however this should pump regardless.
48.15 should be a nice entry for Intra day ..
Cheers!
BANK OF BARODA LOOKING BULLISH AB=CDAs a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.