Bank of Baroda has completed long-term cup and handle formation but has hit resistance and finds it difficult to cross current levels. Once it can close above the current level, we can expect a min INR 150 upside from here.
Hi,
Here I am sharing NSE:BANKBARODA upcoming levels which could be treated as support and resistance.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
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
10% quick gains on daily timeframe.
Monthly outlook bearish.
*Not a financial advice to buy or sell. Only speculations.
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