Hi ,
Bank of Baroda is a sell.
1) BOB CMP IS 171.00
2) TGT 150
3) TIME DURATION 40 - 45 DAYS MAX
4) HW TO TRADE ?
SELL 170 CE @ RS 9.00 1 LOT ADD UPTO 4 LOTS TOTAL
5) NO OTHER TRADE SHOULD BE TAKEN - NO BUYING PE PLZ.
6) NO FUTURES SHORTS PLZ.
7) bob spot 180 will be the stop loss
8) this section will be updated incase stop loss hit . We will try to...
PSU Sector Strong Stock Bank of Baroda on Daily TF we can see that momentum buildup on daily and weekly basis with high volume. today stock has made Marubozo Candle. Also Volatility increased on daily basis. Uptrend can be continue in this week. Stock Closed today on 20day MA.
Entry : CMP
SL : 159
Upside Move : 169,178
This stock posted few days back also and now again read the chart for entry and targets, stock beats the estimate in Qrtly figures and now become 2nd large PSU banking stock.
BANKBARODA long positions can be taken if it tests the demand zone below or if it retraces back towards the swing high after testing the supply zone (do not trade the supply zone until stock rests a while after testing it).
(Not a recommendation to buy, just an analysis)
it' a fib level of 50% plus a divergence just forming.
if we see a big red candle tomorrow, it can be a short trade.
The trendline looks good and there's a zone just above, maybe it'll touch it and form a bigger diversion.
it should b a better trade if the price touches that zone after breaking the trendline.
if it touches 170 round number like before, that'll be better.
Short Term POV : Upside of minimum 40%
Good Volume Seen ..
Expect a Fast move towards Previous ATH or even possible to make new ATH.
Earnings in next 3 days... PSU Bank Stock to keep on Radar !
There is bearish divergence around current level a short trade can be planned in the coming future and mentioned level in the chart. with a strict a stop loss of 175, the reason behind the short is there is and extended rally without any correction.
