BANKBARODA trade ideas
BANKBARODANSE:BANKBARODA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Bank of BarodaBank of Baroda
C&H Formation: Yearly / Weekly Basis
Price BreakOut Done & Sustained on Weekly Basis.
Need to sustain above 203/216 for Big Upside.
Strong Vol. Consolidation / Continued BuiltUp.
Resistance at 197 / 199 / 202 /210 / 216 / 225
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Bank of Baroda Breaks Out of Triangle Pattern: Bullish Momentum
Bank of Baroda(stock symbol: BANKBARODA) has been trading within a triangle pattern since December 2022, but it has recently broken out of this pattern. During the triangle formation, the stock tested the lower trendline six times, and each time it tested, a substantial rally followed. On June 19, 2023, the stock broke above the upper trendline with decent volume, indicating a potential bullish move.
Currently, the stock is retracing and retesting the upper trendline to validate the strength of the buyers. Traders looking for an entry point may consider observing candlestick patterns such as a hammer or engulfing candle that could serve as potential entry triggers. Setting a stop loss below the identified candle pattern can help manage risk.
The initial target for Bank of Baroda is set at 201.60. If the stock continues to show strength, the second target is at 206.65, and the final target is at 215.85. It is important to note that Bank of Baroda can be traded in the equity or futures and options (FnO) segment.
Please remember that trading involves risks, and it's always advisable to conduct thorough analysis and consult with a financial advisor before making any investment decisions.
Symmentrical Triangle Formation in Bank Baroda(Daily TImeframe)Baroda Bank is making Symmetrical Triangle pattern. Duration of this pattern is more than 8 months so we can consider it as a reliable pattern. Greater the duration taken by an underlying, more reliable it can be. So keep an eye on Baroda Bank and wait for Breakdown/Breakout. One can initiate the trade in Baroda Bank after crossing important levels which i have marked on the chart.
BankbarodaNSE:BANKBARODA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at the dash line.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BANK OF BARODA - Short dt 11.04.2023Hi ,
Bank of Baroda is a sell.
1) BOB CMP IS 171.00
2) TGT 150
3) TIME DURATION 40 - 45 DAYS MAX
4) HW TO TRADE ?
SELL 170 CE @ RS 9.00 1 LOT ADD UPTO 4 LOTS TOTAL
5) NO OTHER TRADE SHOULD BE TAKEN - NO BUYING PE PLZ.
6) NO FUTURES SHORTS PLZ.
7) bob spot 180 will be the stop loss
8) this section will be updated incase stop loss hit . We will try to recover 50% loss if stop loss is hit.
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BANK OF BARODA : Trend Change...!PSU Sector Strong Stock Bank of Baroda on Daily TF we can see that momentum buildup on daily and weekly basis with high volume. today stock has made Marubozo Candle. Also Volatility increased on daily basis. Uptrend can be continue in this week. Stock Closed today on 20day MA.
Entry : CMP
SL : 159
Upside Move : 169,178