Bank Of Baroda updated with the technical chart pattern however the expected movement didn’t came out. The latest chart is updated below for your kind reference and the trade set up still valid and you can initiate a trade based on this trade set up. refer the earlier chart and description in below dated 29.11.2019 and recent chart as on 02.01.2020.

This Trade Set Up is based on Technical Charts and the chart is also Updated below for your kind reference. The trade set up is for short to medium term. The trade Set Up are selected based on high probabilities however money management is to be ensured.

Bank of Baroda emerged with Inverse Head and Shoulder Pattern and break out give at 104 levels. One can buy the same based on the pattern break out with stop loss of 98 for the target price of 120. That comes to 15%.

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Please make a note that nifty and banknifty index futures weekly trend analysis / levels posted here is based on our studies and the knowledge we have on the markets. All the contents posted here are for educational purpose only  and it is not a buy or sell recommendations.

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