BANKBARODA - AS ON 23 NOVEMBER THE 0-B TRENDLINE IS THE MOST IMPORTANT HERE. THERE ARE 2 POSSIBILITIES A. WAVE C IS AN ENDING DIAGONAL WITH WAVES 1 TO 5 OF C WAVE COMPLETED. THIS GIVES US A TARGET OF 98 WHICH SHOULD BE REACHED BU THIS MONTHEND. THIS SEEMS TO BE A LESS PROBABLE SCENARIO B. WAVE 1 TO 4 OF C WAVE IS COMPLETE BUT WAVE 5 IS PENDING. THIS LOOKS A...
Hello Everyone, Hope you doing all good. I have found a H&S pattern in Bank of Baroda in 1 month time frame. There is no volume since a couple of weeks if it breaks the current neck and support line then the Stock should be dump like a falling knife.
Although PS Banks moved vertically in last 2 days but the price has reached at Upper medium line of good frequency Pitchfork and getting resistance there. Good trend line was broken and price are touching it from below so another reason to short it here. One can short here with SL of 173.50 on closing basis for a target of 145.