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Published on 17/06/2019 9:52:30 AM | Source: Religare Securities Ltd

Sell Bank of Baroda Ltd For The Target Rs.112 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Bank of Baroda #Banking Sector #Trading Report #Religare Securities Ltd

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Bank of Baroda

In line with other PSU banking counters, BANKBARODA is trading with negative bias. Currently, it’s hovering in a narrow band while holding below the resistance zone of multiple moving averages on the daily chart. Indications are in the favor of fresh breakdown in near future. We suggest using any bounce to initiate fresh shorts position in the given range.

Recommendation

Sell Futs Bank of Baroda @120-122 Stoploss 125 Target 112 CMP 118.70

 

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