Multiple bullish signs in Bank of Baroda

١٢ يونيو ٢٠٢٢

The stock has given a 3-month old trendline breakout and close above 20 EMA. It's making an ascending triangle pattern and testing it's strong resistance zone.

Buy above 105.85 level (intraday for 0.7-1% move) and positional for 3-5% move on day closing basis. In case there is rejection from the level due to weakness in BANKNIFTY then don't carry the position.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar