Bank of Baroda Channel

Bank of Baroda has been oscillating in a channel since the start of 2023 after giving a runup of around 110% in H2'22. Stock has been consolidating near the upper end of the channel for the last few weeks.

Small positions can be added if it closes a trading day above 218. Aggressive buying to start post weekly candle closure above the channel.

Small Position: Day Candle Closure above smaller triangle
Aggressive Position: Weekly Closure above bigger channel

Stop Loss: 206

T1: 240
T2: 260
T3: 300

Note: Analysis is only for educational purposes and is not an investment advice