Sunday, April 30, 2017

>PSU BANK Bank of Baroda Elliottwave

Hi friends,
                   PSU banks are in limelight ,They have been rising for some time though the rises have not been consistent still they are making higher highs and higher lows.I had posted about ORIENT BANK ,The stock is still rising.This post i have made chart of Bank of Baroda let me post the chart.
As we can see from the chart ever since 2016 start the waves have been quite overlapped,I have labeled them,Right now in short term 200,210 is stiff resistance.
Overall the stock is trading above red slanting trendline resistance,I have drawn the expected move with dotted green ,Lets see how stock moves in next few weeks.


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