Bank of Baroda daily chart (click on chart to zoom)
On daily chart, BoB has formed a FALLING WEDGE pattern which is a bullish sign. On friday, it broke out of that pattern indicating fresh upmove in short term. Stock has also broken out of all its key moving averages except 200 DMA. Stock can be bought at CMP (680) or every decline till 660 for the short term target of 730-750.
Stop loss at 650 recommended.
On daily chart, BoB has formed a FALLING WEDGE pattern which is a bullish sign. On friday, it broke out of that pattern indicating fresh upmove in short term. Stock has also broken out of all its key moving averages except 200 DMA. Stock can be bought at CMP (680) or every decline till 660 for the short term target of 730-750.
Stop loss at 650 recommended.