Buy Bank of Baroda above 160. Target 190. 3 months. SL 150. Banks to rally, if NIFTY has to rally.
Nice Hammer candle stick. in weekly charts.
Being a bull in the market, i feared Bank of Baroda will fall when it was trading 188-200. 3 Straight ‘Shooting stars’ in weekly charts.
I had to close my eyes and recommend to sell Bank of Baroda. I could not give more lesser target being a bull. The stock was technically hammered below 160.
Triple inverted hammer in BOB weekly charts. Sell below 184. Target 170. 2 weeks.
Medium term investors can hold BOB with SL of 184.
For intra-day you can buy BOB with SL of 185. Target 190.4
P.S: Technical terms are used to make sure beginners and dependents take their time, search and learn about the terms.
I am Vinoth Kanna, Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.