Welcome to Indian Market View. To get real time FREE market updates on your WhatsApp, click on the WhatsApp icon on website and fill your details.
Home » Fresh Chart Idea on Bank Baroda – A strong counter attack from bull’s campaign.
Chart Ideas

Fresh Chart Idea on Bank Baroda – A strong counter attack from bull’s campaign.

Bank of Baroda

 

 

Chart Idea – Bank Baroda

 

Overview: Earlier pair was falling down from 120 levels and touched 36.40 where bears did their job in a good manner but after arriving at a lower level which is a strong key support zone, we have seen strong counter-attack from bull’s campaign. The way bulls are reacting, it seems like the pair has bottomed out and headed to the north node.

On the weekly chart, which is providing us bullish signal and pair is trading above the major and minor EMA lines. We will keep our view bullish on the pair as long as 59.20 levels remain intact on a closing basis.

Odds are favoring the bulls and we will get further bullish confirmation above 66.70 levels on a closing basis.

What next???

Our bias is bullish on the stocks for the upside target of 80 and 93 levels. The 80 levels is the key resistance level followed by 93.

 

 

 

Trade idea on Bank Baroda

Based on the chart and studies above we would suggest buying the stocks at 66.10 for the target of 80 and 90 levels with a very tight stop loss of 60 levels on a closing basis.

 

Stock Market Telegram

 

 

We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.

 

 

Short Term Monthly Investment Picks for April 2021

Short Term Monthly Investment Pick

Stock Portfolio for Year 2021

Stock Portfolio for 2021

Get FREE Market Updates!

Stock Market WhatsApp Broadcast
Read in your native language.
Open chat
Get Market Updates on your WhatsApp