BANKBARODA trade ideas
BOB CAN BE A GOOD INVESTMENT OPTIONtrend has changed with HH & HL formation with good volume support
Bank of Baroda -Bullish Wolfe WaveBank of Baroda has bullish wolfe wave on 15 and 30 mins timeframe... Target in chart...
longBANK OF BARODA@78.35
STOCK IS IN BULLISH TREND
MAKING MORNING STAR CANDLE WITH GOOD VOLUME ON SUPPORT
WITH THE SMALL SL OF 75 ONE CAN RIDE NEXT IMPULSIVE WAVE TILL 89
BULLISH ABV 89
BANK of BR { 30 M short }IB formed in 30 M tf + by retest theory , we're betting for a short trade at support break here . Rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Bank Baroda CMP 75.25Bank Baroda - CMP 75.25, It has channel break out with volumes. Today when market corrected it just took the support of upper edge of rising channel and reversed. It is going to see the levels of 75, 80, 86, 92 with a stop loss of 67. Another point to note is that MACD line has crossed signal line yesterday which is the start of rising trend. On earlier occasion also when MACD bullish crossover happened scrip went up by 20 rupees. This time also if it rises by 20 rupees then it can go up to 91. This analysis is for educational purpose and if any investment to be done shall be done after consulting financial experts.
Bank Baroda CMP 65.6 BankBaroda- CMP 65.6. It is bullish for past few days but now in consolidation mode. MACD blue line is going to cross red line which is very positive for upward movement of stock. Check up the previous instances whenever MACD blue crosses red line, price goes up. Above 67 it shall go to 74 and 86. This is purely for educational purpose and any investmade shall be done after consulting financial expert.
BANKNARODAI'm not an expert I'm just sharing my views on BANKBARODA for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
Bank Baroda- CMP 59.05.BankBaroda- CMP 59.05, It is on continuous rise for past one week from 47 to 59.05. Its RSI has touched resistance. Will RSI breaks this resistance or not to be seen. Seems to bein overbought zone. But it convincingly closed above its almost 9 month high. MACD is still showing positive divergence. On friday as per OI it has got short covering. It has cleared many resistances and i feel it may go to the levels of at least 70 in this month with intermittent corrections if market does not fall badly. This is for educational purpose only.
rounding bottom formationrounding bottom formation , it may form cup and handle also ,
closing above 54.80 (with wide spread and volume) - positional
intraday- stock is on verge of breakout ,may give decent move.
Buy BankbarodaStock is at monthly demand zone and also breaking the trend line. Enter at the confluence area and place the stop bellow recent swing low.
Bank of Baroda - BSE - India*****Please follow, like, and support this idea, if it helped you in anyway*****
***This is not a financial advise***
Bank of Baroda fell sharply from the support level turned resistance and now holding on to another support since 5 months and seems like that it might test the resistance level again - this might take one year to two years or could even take next three months before the earning starts.
Going in with the views -
