Bank of baroda EW analysischart explains that, a 5 wave upmove from near bottom(Rs39),is not sufficient to break its previous high (Rs103.60).
hencs this stock is not in a new trend , following after that a 3 wave correction is undergoing up to 14th march 22,to a level of Rs 78.65and 70.95
dont waste your time by trading these type of stocks
BANKBARODA trade ideas
Bank of Baroda - View for the weekHi Friends,
Been tracking this script for a while.
Making a presumption that Point B should be achieved at the proposed level then only follow this XABCD pattern should be followed strictly.
I see the script making a top as per Point C for the coming few days and then retrace to a level at around 78-80.
So OPTION Retail traders be careful as this is a heavy lot for traders.
Positional [Bank of Baroda Buy Idea]One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
BANKBARODANSE:BANKBARODA
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