BOB Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock had formed head and shoulder formation, BOB is now on the verge of bullish breakout if closes above 930. (Updated on 11th September 2014, Thursday).

BANK OF BARODA

• As per previous report published on Bank Of Baroda, stock gave sharp intraday move after breaking its resistance @ 920 and made a high around 929, but BOB failed to close above 920 as at the time of closing it fell down from highs. (Click here to see previous report published on BOB).
• Now as per current technical chart no1, BOB is facing strong golden ratio resistance at current levels, as long as trades below trend will not be clear but once closes above 930 then stock looking bullish for next few trading days.
• Suggested Reading - National saving certificate of India.
• Intraday stock tips - close watch once BOB starts trading above 930 during trading hours, it holds above 930 with good volume then intraday bulls action is expecting.
• Also See - BAJAJ AUTO moving in up channel formation, further strength expecting once it closes above its trend line resistance.
• As per chart no2, stock is trading above 20 days moving average , so as long as stock trades above 20 DMA bulls will be favored , but stock will show sign of weakness if closes below 20 DMA. Even stock major trend indicator "MACD" has turned positive once again, as long macd positive price improvement can be seen.
• As per stock analysis chart no3, BOB has formed head and shoulder pattern , once it closes above 930 then bulls may get active and further price improvement can be seen.
• As per graph no4, if stock moves up from current levels and closes above 930 then BOB will find next resistance around 1009 its previous top. Close Watch.
• Click here to see all the free trading reports (tips) published by us on Bank Of Baroda.
• Free Equity Tips.