Bank of Baroda ready for the uptrend!🤩💸🔥

Buy Bank of Baroda for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Bank of Baroda (BoB) is among the leading PSU banks with a global loan book of ~| 7.7 lakh crore and has better-operating metrics among PSBs.
Pan-India presence with over 8100 branches.
The bank has a meaningful presence in international operations with its JVs and subsidiaries. Also, ~12% of total business comes from overseas
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Improving business outlook along with containment of slippages should help the overall performance to improve.
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💡Key triggers for future price-performance:
1) Focus on retail to propel credit growth; corporate segment to support 2) Moderation in slippages and gradual resolution of NPA to aid asset quality.
3) Improvement in NIM & CI to aid operation; yield hardening to impact PAT.
4) Comfortable capital position with CRAR at 15.97%, to aid business growth
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock gave a Multi-Year breakout. With the recent volume breakout with amazing Q3 results, a strong rally is expected from current levels.
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💎technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
⁠5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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