Bank of Baroda on a daily chart stock price at Rs. 164.30 has given a
breakout of ascending triangle pattern at Rs. 163.67 level, indicate rally will
continue towards Rs. 180 level. Momentum oscillator RSI is rising, have more
room left on upside, MACD has given the positive crossover, which add more bullishness
for the stock price.
If
one were to go by the volume data, a higher upswing is seen on the stock price.
Trader or investor
can accumulate for the target of Rs. 180 level, with Rs. 154 stop
loss on closing basis.
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