PSU Banks
We find lot of value in PSU banks , hence tried to find something to ride on ( with proper risk management and stop-loss levels)
Tried our hands on 2 charts …waves are little complicated ,hence not fully sure of the marking and projections.
Just sharing for tracking purposes.
Bank Of Baroda
CMP 172
Can it double from here ?
Well, first it needs to cross and close above the red-line i.e the level of 230.
Let’s keep in mind that even if this stock tries to go to our desired destination…journey won’t be smooth . And it can ditch also on the way.
Weekly Chart
Indian Bank
CMP 290
Again very complicated wave count — not so sure but trying our hands.
Weekly Chart
Disclaimer – Invested with small positions.
This post is just an effort for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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