BOB
BANK OF BARODA (BANKBARODA) — BTST / 2-Day Trade Setup
Quick Summary
Price consolidating near ₹275–₹280 with a narrow CPR — this often precedes a directional breakout. Price is above 21 SMA and VWAP with momentum leaning bullish. Below are clean BTST and support-entry setups with stoploss and targets.
Interpretation
- Support: ₹270 (CPR bottom), secondary support ₹265
- Immediate Resistance: ₹280–₹285, then ₹290
- Momentum: RSI ~60 (room to run), MACD positive
Trade Setups
| Setup | Entry | Targets | Stoploss |
|---|---|---|---|
| Bullish Breakout (BTST) | Buy above ₹280.50 | T1: ₹286 T2: ₹292 |
₹272 (daily close below CPR) |
| Pullback Buy (2-Day) | Buy near ₹272–₹273 | ₹280 → ₹286 | ₹268 |
Risk Notes:
- If daily close ₹270, bias weakens — watch for move to ₹262–₹255.
- Use proper position sizing; volatility can spike on breakout or heavy banking sector flows.
No comments:
Post a Comment