Bank of Baroda - Impulsive pattern Seen

                                                                        Daily Chart

• Bank of Baroda has been one of the top gainers in last couple of months gaining around 50%
• Now stock is up 30+%  cooling off from 217 highs from 145 trading around 188 levels
• The stock has started its impulsive move after an A-B-C Zigzag correction of Primary degree
• Now from 138 - 217 was a 5 - wave advance is well

What is in store Next ? 

Are we about to start Mother of Bull run in counter III of 3 ?

 
 Even though stock in Impulsive pattern with long term bull run can test 320+ , still appropriate Entry points are vital because favorable Risk/Reward ration is of importance in trading both impulsive and corrective patterns that to particularly in volatile market environments ...

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Raju V Angadi Vishwanath, B.E., MS, CMT

Equity Technical Analyst

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