Potential Stock | 7 Years Strong Breakout


 

Stock Name: Bank of Baroda

Pattern: Triangle Pattern || Rounding Bottom Pattern

Time Frame: Weekly

Observation:

After a big rally since 16 March 2009 lows, the stock went into a long consolidation phase and now the stock has formed two triangle pattern and one rounding bottom pattern on weekly time frame. The stock has given a breakout of one triangle pattern on 22 August 2022 with good volume spike. On 17 October 2022 trading section the stock has also given a breakout of another triangle pattern and rounding bottom pattern at a same time. So, we might see strong upside move in the stock till the level of 200 Rs.



You may add this to your watchlist to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.


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