Tuesday, December 28, 2010

Bank of Baroda - 1Month Pick

Dear All,

RSI, MACD & Stochastic oscillator are all showing bullish trends for Bank of Baroda. If Bank of Baroda can sustain its upside momentum till 918 – 920 then we could see levels of 950  and then 1000 very soon.

We believe at traders and investors can take long positions in this stock at 890 with a stop loss placed at 860 for a target of 950 and then 1000.

  •       Buy Price: 890
  •       Target: 950 /1000
  •        Possible Gain on target completion: 7%/12%
  •        SL: 860
  •        Possible Loss on SL trigger: 3% 




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