BK OF BARODABreakout expected soon with huge volumes. Stock making higher high. Target given. RSI is showing strength. Stock may hit 100 level soon.
BANKBARODA trade ideas
BankbarodaAmidst the recently bullish PSU banks, Bankbaroda seems to be giving a decent breakout with volumes.
TRADE SETUP : Bank of Baroda TRADE SETUP
After a double bottom breakout stock moved sideways and On Sept 29th stock retook from its 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter.
BUY ZONE
81.00 - 82.50
STOP LOSS
Stop-loss is currently set at 76.50.
GOAL / Target : 1st 85.15 ( Short Term ) for Long Term ( 100 )
Our aim is to take ~16%
EARNINGS DUE DATE
Nov 26, 2021 Estimated
BANK OF BARODAHello and a warm welcome to this analysis
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post that stock could resume its rally towards 110-120. View would negate below 70
Bank baroda longCan long BOB for the target of 87 then 90 with an sl of 78-79 for swing trade as bank nifty also showing strength.
Reason for this trade is breakout and then retest from trend line 38.2 Fibo level which we consider as super bullish level . Can take position as per your risk apetite.
Bank of Baroda (for swing trading)Daily Time Frame: Symmetric triangle breakout and retest with good volumes
Resistance Zone : 86.5-88.5
Support Zone: 81.1-82.3
Upside Target: 99.8
Downside Target:73.05,61.65,47.9
Requirements to enter for upside target : 1. 15 mins strong candle like Marubozu candle closing above 88.5
2. Volumes greater than 50VolumeMA
3. RSI above 60
And just vice versa for downside targets
Bank of Baroda Triangular BreakoutTriangular pattern breakout
Wait for the right price then go for long.
Target 95 SL 82
BANK OF BARODABANK OF BARODA
TRAINGLE BREAKOUT
PSU BANKING INDEX breakout
buy @ cmp 84
SL 76 weekly closing basis
target1 99
target2 120
SAFE BUYERS can Enter abv 89 daily closing with the same sl
Disclaimer - Educational view
Bob (BANK OF BARODA)Bob had broke out from the symmetrical triangle
So we can expect a good upside move
Targets are given in the chart
#happytrading
BANKBARODA - NEoWaveBANKBARODA is in wave-(c), which will take some time to finish, after that we see a short term gain in this stock and then again correction will continue for wave-B.
Bank of barodaBank of baroda has formed a symmetrical Triangle pattern
Breakout/down on any side can give great move.
BK OF BARODA : Breakout trade setupBK OF BARODA :
Pattern is clear and we all understand trade setup.
Wait for entry to breakout on either side.
Currently below 50 EMA and taking support on 100 EMA. 77-78 is immediate support line, breaking this and below trend line - will bring back to 68 and then 61 levels before any bounce.
Please spend time on own research before investing.
BOB forming Cup and HandleBOB in its way for forming beautiful Cup and Handle pattern. A PSU Bank with good fundamentals.
bob is trading in support areawith a stoploss at 80 on daily closing basis a long can be initiated for target 92
Bank of barodaHere we can see nice breakout of Flag & Pole pattern.
Buy - Above 87
SL - 86.20 (1%)
First Trg - 88
Second Trg - 88.90
So I hope this will help you.
Bank of Baroda - Possible long term breakoutInvestment idea # Bankbaroda... Good long term investment with high returns ONLY IF 1 Day RSI crosses above 50...if no cross, No ENTRY :-)
