under performing banking sector may boom
forming double bottom pattern
low stoploss with high returns
may take support @ 200 ema
#be patient enjoy returns
📊 Pattern: Rising Channel
📌 Symbol/Asset: Bank Of Baroda
🔍 Description: The PSU Bank sector is on fire, Bank Of Baroda is on Linear scale support, in case of bounce back it can touch 220 to 258 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your...
Bank of Baroda
Ready for a breakout
But this type of breakout is risky due to quick movement towards the Resistance.
It will Sustain above the 190 +for a few days then it will rock.
Reason for long
a) Breakout pullback set-up above 193 or previous day high
b) Indicator support are rainbow, super trend, super vwap
c) POC as support for long
d) Bull volume intact
e) price running in channel, continue to run in channel.
f) SL compulsory
We see Wave 1 : Its a 5 Wave sequence structure as such that the Wave 1 is a Leading Diagonal and hence the Wave will have a full 5 Wave sequence structure in the upward direction.
Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory.
We have an Annual Demand, wait for the Price to come into the Annual Demand...
NSE: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...
Bank 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...
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...
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...
