BANKBARODA trend line analysis
i have made a analysis by using few technical indicators and trend lines. My observations is as bellow.
1) Based on the trend line analysis- stock is following the up trend since 8 months
2) Fib- retracement: shows good buying opportunity at 85 to 90 points, so that at this level the stock comes and touched the trend line, becomes a good entry levels.
3) RSI indicator: now it touched the fear zone and whenever it enters this zone it comes back to supply zone in the time frame of 2.5 to 3 months. So in this time frame stock comes back near 85 to 90, becomes good buying zone.
Conclusion :
1) can short the position and wait for the next buying zone to enter,
2) target T1- 115.
Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
1) Based on the trend line analysis- stock is following the up trend since 8 months
2) Fib- retracement: shows good buying opportunity at 85 to 90 points, so that at this level the stock comes and touched the trend line, becomes a good entry levels.
3) RSI indicator: now it touched the fear zone and whenever it enters this zone it comes back to supply zone in the time frame of 2.5 to 3 months. So in this time frame stock comes back near 85 to 90, becomes good buying zone.
Conclusion :
1) can short the position and wait for the next buying zone to enter,
2) target T1- 115.
Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
交易進行
stock is performing as expected交易進行
it is in buying zone. buy now for the target of 115.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。