Turning Bullish: Bank of Baroda
Bank of Baroda has been in a downtrend since the last week of Jun 2024.
On weekly chart, it took strong support around 232 levels and gave a good breakout in the first week of Aug 2024.
However, the breakout was not sustained well, and a subsequent pullback occurred.
Recently retesting of key level 232 has happened successfully in the first week of Se 2024.
For the script to remain bullish, 20 EMA (Black line) has to cross above the 50 EMA (Orange line) with good volume.
Resistance levels: 258,276, 291
Support levels: 242, 230, 212
On weekly chart, it took strong support around 232 levels and gave a good breakout in the first week of Aug 2024.
However, the breakout was not sustained well, and a subsequent pullback occurred.
Recently retesting of key level 232 has happened successfully in the first week of Se 2024.
For the script to remain bullish, 20 EMA (Black line) has to cross above the 50 EMA (Orange line) with good volume.
Resistance levels: 258,276, 291
Support levels: 242, 230, 212
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