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Technical Analysis: Bank of Baroda
Act now: Bank of Baroda stock surges with positive price breakout analysis.

by RA ALOK DAIYA SEBI Reg. INH000011468

About Bank of Baroda
Overview
Bank of Baroda is a leading public sector bank in India, listed on the National Stock Exchange (NSE). As one of the largest commercial banks in the country, it offers a wide range of banking and financial services to individuals and businesses.
Key Facts
  • Established in 1908 in the princely state of Baroda
  • Headquartered in Vadodara, Gujarat
  • One of the largest public sector banks in India
  • Provides retail, corporate, and international banking services
  • Listed on the NSE and BSE stock exchanges
Price Breakout Analysis
Current Price
CMP at 253, above breakout level
Stop Loss
Set at 243 for risk management
First Target
265: Initial resistance level to watch
Higher Targets
286 and 318: Potential upside objectives
Risk-Reward Ratio
Upside Potential: (265 - 253) / (253 - 243) = 1.2x
Higher Targets: (286 - 253) / (253 - 243) = 3.3x
(318 - 253) / (253 - 243) = 6.5x
Witness a powerful surge in prices on the daily chart, signaling a bullish wave of momentum.
Trading Strategy

1

Entry Strategy
Buy on pullbacks near breakout level

2

Risk Management
Maintain stop loss at 243 (EOD basis)

3

Target Approach
Trail stops as price reaches each target

4

Position Sizing
Adjust based on individual risk tolerance