Bank Baroda - CMP 75.25, It has channel break out with volumes. Today when market corrected it just took the support of upper edge of rising channel and reversed. It is going to see the levels of 75, 80, 86, 92 with a stop loss of 67. Another point to note is that MACD line has crossed signal line yesterday which is the start of rising trend. On earlier occasion also when MACD bullish crossover happened scrip went up by 20 rupees. This time also if it rises by 20 rupees then it can go up to 91. This analysis is for educational purpose and if any investment to be done shall be done after consulting financial experts.
