BankBaroda

16 Mac 2022

BankBaroda has posibly started an impulse towards north, recently it has retraced 61.8% of last rise, which we can say wave 2nd of some degree has been completed near 92 level, we can assume that now new impilse as a wave 3rd of some degree has been possibly started, which can show levels towards north upto 144 or more, trend indicators are also suggesting same, One can go long at current price or on any dips (if any ). On the way down 101 is now an immediate support and 90.75 is a major support.

fibonacci retracement

wave structure and key levels are mentioned on chart

macd in weekly is positive

macd in daily just given positive crossover

rsi in daily uptick


Disclaimer
I am not sebi registered Analyst.
My studies are for Educational purpose only.
Please consult your Financial Advisor before Trading or Investing.