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Bank of Baroda

Discussion in 'Technical Analysis' started by srspriya06, Oct 24, 2013.

  1. srspriya06

    srspriya06 Active Member

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    Breakout in this stock. Buy at current levels with stop loss of 530 and target of 625-680. Ur views:person:
     
    srspriya06, Oct 24, 2013
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  2. sainath85

    sainath85 Member

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    wait till 29th for more clarity
     
    sainath85, Oct 25, 2013
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    The rally in PSU banks is due to FM talks of infusing 14K crore into PSU banks.
     
    saptarshi_sachin, Oct 25, 2013
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    nope, please stop reading chart like a chart only It has so many thing inside it, at least I try find those and reading charts like a book.

    Inverted hammer @ breakout level, so Big No from me.
     
    sanjay_sansanwal, Oct 25, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    Let it remain above 580 for sometime and then it should be a good buy
     
    shabbir, Oct 27, 2013
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  6. yankeedin

    yankeedin Responder

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    moreover if we see weekly chart of past 3 year, it's downtrend line is broken near 580. if it sustains above 580 a couple of session it will start uptrend.
     
    yankeedin, Oct 27, 2013
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  7. AjithaPriyasi

    AjithaPriyasi Member

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    Hi Shabbir,

    Bank of Baroda at TrendLine support and Bullish Inverted Hammer Candle stick pattern for today.
    Trendline support at daily and Weekly chart.

    Please provide your opinion.

    [​IMG]

    Regards,
    Pavan
     
    AjithaPriyasi, Dec 19, 2013
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  8. vishuhd1

    vishuhd1 Member

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    Most of the bank stocks are good to go long… They all have either formed a bullish engulfing candle pattern or Bullish Inverted Hammer pattern… If we see the last 2 or 3 trading sessions, the overall trading zone is very narrow.. This also gives us the indication of change in the trading direction.. All having said, wait for the FED tapering news tomorrow morning before executing any calls in any of the bank counters..
     
    vishuhd1, Dec 19, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    I see that higher top and higher bottom being formed and so yes good entry point. The green candle after a midst of red ones are good and as this has not been below the previous low, can be a good entry point but make sure stop loss is strict
     
    shabbir, Dec 19, 2013
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  10. AjithaPriyasi

    AjithaPriyasi Member

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    Thanks for the comments
     
    AjithaPriyasi, Dec 19, 2013
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  11. madhusudhanps

    madhusudhanps Member

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    Bullish inverted Hammer pattern should get confirmation on second day with close above the high of Inverted hammer which didn't happen today; also because of Fed news Major trend of market is down. Wait for good support then enter.
     
    madhusudhanps, Dec 19, 2013
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  12. AjithaPriyasi

    AjithaPriyasi Member

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    Hi MADHU SUDHAN PS,

    Yes agreed. Trendline support is still holding. Would check if it holds/breaks in coming days.
     
    AjithaPriyasi, Dec 19, 2013
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  13. AjithaPriyasi

    AjithaPriyasi Member

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    Uptrend is no more valid . Stock in consolidation mode.
     
    AjithaPriyasi, Jan 3, 2014
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