Bank of Baroda stock analysis 2014
Bank of Baroda stock daily chart analysis
Bank of Baroda stock on last trading session closed at 792 with gains. On daily chart, stock price trend and momentum both are strong bullish. Stock is trading way above major short-term averages with strong buying momentum. For short term, traders support zones are 790 and 754 while on upside 815 and 855 are resistances as well as target zones for April series.
Indicators and oscillators on daily chart are bullish but in overbought zones so keep tight stop loss for long positions and keep long view for stock.
630 is major average support, above it, short-term trend will remain bullish, and strategy should remain buying on dips for traders.
Bank of Baroda stock weekly chart analysis
Bank of Baroda stock for this week showing gains and this will be third gaining week for stock. On weekly chart, bullish breakout was seen at 600 rupee and from that point stock rallied almost by 200 rupee or 33%.
From medium term view, Bank of Baroda stock support zones are 725 and 600 while on upside 845 and then 965 are resistances as well as targets for next 6-12 months timeframe.
Weekly chart price trend is strong bullish and stock is in Bull Run. Weekly chart indicators and oscillators are bullish but near overbought zone so expect correction ahead.
Those brought stock around 500-600 rupee must trail stop loss at 725 (weekly closing basis) and wait for upside targets.
Bank of Baroda stock monthly chart analysis
Bank of Baroda stock in last 6 month had given 51% returns to investors and outperformed market. Bank of Baroda is fundamentally and by valuation is ok company. On monthly chart stock is near its first target of 885 and above it 1140 will be next target which can be expect in next 24 months period.
630 is major level and above it, Bank of Baroda will remain bullish for long-term view. Above this level, investors keep accumulating longs for targets 885 and then 1140.
380 rupee was best buy zone, which was last seen in May 2009. While 100-150 rupee was undervalued zone and which was last seen in year 2004.
Bank of Baroda company description
Bank of Baroda Limited is a provider of deposit loans, retail loans, credit cards and debit cards. The Company operates in four segments: Treasury, Corporate / Wholesale Banking, Retail Banking and Other Banking Operations. Its Wholesale Banking Division offers a range of loan products and services, such as term loans, short-term loans, demand loans, working capital facilities, trade finance products, treasury products, bridge loans, syndicated loans, infrastructure loans, cross currency/interest rate swaps, foreign currency loans and loan against future rent receivables. Its retail loan book consisted of five products, such as home loan, auto loan, education loan, traders loan and mortgage loan. It provides third products in life insurance, non life insurance, including health insurance, mutual funds and equity trading under tie-up arrangements with different partners. As of March 31, 2012, it had 2,012 automated teller machine (ATM) networks.
Bank of Baroda stock fundamental ratios
|Range||777.65 – 797.25|
|52 week||429.95 – 797.25|