Bank of Baroda
BOB is moving in a wide trading range with 284 points width of channel.Stock was in down word channel for almost 2 years from which it was given a break out on 18/09/2012 and made a highs of 898 levels after retesting of break out. This seems to be very strong move from the down trend.Stock is now in over sold zone. Stock is having strong support zone in the range of 663-679.
Short Term:
Go long on the stock with strict SL at lower 655 for a target of 738/773.
Long Term:
Go long on the stock with strict SL at lower 655 for a target of 805/900/951/990/1050
Note:.If stock breaks those levels of support and next support is at 570 levels and stock may continue its down trend then.
BOB is moving in a wide trading range with 284 points width of channel.Stock was in down word channel for almost 2 years from which it was given a break out on 18/09/2012 and made a highs of 898 levels after retesting of break out. This seems to be very strong move from the down trend.Stock is now in over sold zone. Stock is having strong support zone in the range of 663-679.
Short Term:
Go long on the stock with strict SL at lower 655 for a target of 738/773.
Long Term:
Go long on the stock with strict SL at lower 655 for a target of 805/900/951/990/1050
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