Bank of Baroda on daily chart after sharp correction has managed to hold trendline support as shown in figure.
Stock is in the oversold territory as stochastic is below the level of 20. Due to sharp correction there has to be a DEAD CAT BOUNCE in the coming sessions. Recent bounce back should take stock to 670 level in short term.
Stop loss at 635 recommended on long positions.
CMP - 648.8
