STOCK : BANK OF BARODA
CMP : 193.50 (19-06-2023)
ABOUT : Bank of Baroda (BoB) is an Indian state-owned banking and financial services company. it is one of the largest public sector banks in India.
TECHNICAL ANALYSIS CANDLESTICK CHART VIEW (DAILY TIME FRAME)
(CLICK ON IMAGE FOR CLEAR CHART VIEW)
OBSERVATION :
Above chart shows a clear ASCENDING TRIANGLE pattern with breakout, currently stock is trading in over bought zone one can entre into this stock after the stock get retest around (188-190 levels ) check volume before entering into a trade. we may expect the stock to show good up side rally expecting 15-20% returns coming days view strong.
How does ASCENDING TRIANGLE pattern works ? (click here)
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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