BANKBARODA trade ideas
BANK OF BARODA - Multi year Breakout Investment pick 40% ROIThe stock has given a multiyear Breakout in Monthly and continuing its momentum strong.
It has decisively broken resistance ranges of multiple years 2010,2014,2015,2017,2022,2023.
One may consider to enter on current market price and accumulate on dips for a target of minimum 410.
Fundamental Picks - Stock PE < 20 (NIFTY BANK)๐ Script: BANKBARODA
โฑ๏ธ C.M.P ๐- 254
๐ฏ PE ๐ - 6.98
๐ Script: FEDERALBNK
โฑ๏ธ C.M.P ๐- 159
๐ฏ PE ๐ - 9.33
๐ Script: BANDHANBNK
โฑ๏ธ C.M.P ๐- 187
๐ฏ PE ๐ - 10.12
๐ Script: SBIN
โฑ๏ธ C.M.P ๐- 817
๐ฏ PE ๐ - 11.43
๐ Script: INDUSINDBK
โฑ๏ธ C.M.P ๐- 1410
๐ฏ PE ๐ - 12.66
๐ Script: HDFCBANK
โฑ๏ธ C.M.P ๐- 1437
๐ฏ PE ๐ - 16.07
๐ Script: IDFCFIRSTB
โฑ๏ธ C.M.P ๐- 76
๐ฏ PE ๐ - 17.13
๐ Script: PNB
โฑ๏ธ C.M.P ๐- 123
๐ฏ PE ๐ - 17.89
๐ Script: ICICIBANK
โฑ๏ธ C.M.P ๐- 1117
๐ฏ PE ๐ - 18.44
๐ Script: KOTAKBANK
โฑ๏ธ C.M.P ๐- 1627
๐ฏ PE ๐ - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
Banking Stock - Keep An Eye - BANKBARODA๐ Script: BANKBARODA
๐ Sector: Banks
๐ Industry: Banks - Public Sector
Key highlights: ๐กโก
๐ Script has given breakout of Double Bottom pattern but didn't sustain keep an eye on it we may see good rally.
๐ One can go for Swing Trade above 284.
BUY ONLY ABOVE 284
โฑ๏ธ C.M.P ๐๐ฐ- 281
๐ข Target ๐ฏ๐ - 311
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
Bank of Baroda: Riding the 5-Wave UP, Now Bracing for ABC DOWNAs evident from the chart, Bank of Baroda has successfully completed its five-wave uptrend, followed by a notable sell-off. This sell-off appears to signify the completion of a corrective wave, which often precedes a countertrend movement. Considering the subsequent upside movement as a B wave, it's customary for B waves to culminate around .6 and .7 retracement levels, forming an ABC pattern. Anticipating the arrival of the C wave, it presents an opportunity for a short-side trade initiation.
๐ Bank of Baroda: Riding the Waves of Support and Resistance!Hello Alpha Traders!
Let's delve into Bank of Baroda today. Here's a snapshot:
๐ 1-Hour Trend Analysis: NSE:BANKBARODA is currently riding an upward trend in the 1-hour session, showcasing resilience at support levels.
๐ Support and Resistance Dynamics: Observing a pattern where the stock breaks its resistance, retraces to find support, and then resumes its upward journey.
๐ Current Scenario: With the recent breakout above resistance, the stock is now retesting its support level before potential further upside.
๐ฐ Trading Opportunity: Consider taking a long position in the range of 260 to 240 rupees, with a stop loss placed below the support trend line for risk management.
๐ Stay Vigilant: Always stay alert to market movements and adjust your strategies accordingly.
๐ Chart Analysis: Dive deeper into the chart analysis for a comprehensive understanding of the stock's movements.
Looking forward to your insights and trades, Alpha Traders! ๐๐ผ
Best regards,
Alpha Trading Station
Bank Of Baroda MONTHLY BREAKOUTSimple price action, nothing else. Stock has given breakout after 10 years in Monthly Time frame and trading at all time high. Good momentum is to be expected in the stock. Hold on to the stock for the long term.
DISCLAIMER: The expressed views are individual opinions, not stock recommendations. Please perform your own research before making investment or trading decisions. I am not SEBI registered.