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Price and trend forecast of BANKBARODA for Tomorrow, Weekly, Monthly

Bank of Baroda

Symbol: NSE:BANKBARODA

ISIN: INE028A01039

259.10

As on 2024-04-24

172.80 (52W Low) 285.60 (52W High)

BANKBARODA's Today's Performance

Bank of Baroda started the day by opening at 261.25 today 2024-04-24. Its shares reached a high of 261.85 and dipped to a low of 258.45 in intraday. When the markets closed, BANKBARODA’s stock price settled at ₹259.10 per share. Also check out its key support and resistance levels.

BANKBARODA Buy/Sell Targets

Tomorrow, sell BANKBARODA when its price reaches ₹ 259.10 with a stop-loss order at ₹ 261.01. You can set the target price as ₹ 257.19 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BANKBARODA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for BANKBARODA

Downside Targets Value in ₹
Tomorrow Down Target 1 261
Tomorrow Down Target 2 263
Tomorrow Down Target 3 265

Important Levels for BANKBARODA

Holding Levels Value in ₹
Tomorrow Up Target 1 258
Tomorrow Up Target 2 256
Tomorrow Up Target 3 254
Based on where the stock opens tomorrow, if BANKBARODA opens on a positive note, our first target will be ₹261. If Target 1 is achieved, we will aim for Target 2 which is ₹263.

But if BANKBARODA falls below the average value of ₹259.80, you can enter a sell side position with target number 1 - ₹258 and second target - ₹256 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BANKBARODA

Looking at BANKBARODA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BANKBARODA has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BANKBARODA is moderate bearish.

Tomorrow's Volume based share price Forecast for BANKBARODA

BANKBARODA's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -40%.

Reversal detection for BANKBARODA

Predicted trend chart of BANKBARODA tomorrow for price forecast
BANKBARODA may trend may continue to be bearish since stock is making lower low and we can get target of ₹261 in morning tomorrow
Target 1 tomorrow261
Target 2 tomorrow262
Target 3 tomorrow263
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BANKBARODA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BANKBARODA opens on a positive note, our first target will be ₹261.15. If Target 1 is achieved, we will aim for Target 2 which is ₹263.20.

But if BANKBARODA falls below the average value of ₹259.80, you can enter a sell side position with target number 1 - ₹257.75 and second target - ₹256.40

BANKBARODA's Weekly Targets
1st Up Target 262.50
2nd Up Target 265.90
1st Down Target 256.75
2nd Down Target 254.40

As the week for BANKBARODA ended on bullish sentiments, we can expect further continuation of this sentiment. BANKBARODA's initial target will be 262.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 256.75 in the upcoming week.

Weekly OHLC Values
Open 258.90
High 263.55
Low 257.80
Close 259.10

Week for BANKBARODA started with an open price of 258.90, and the close was at 259.10. BANKBARODA reached the highest of 263.55 and dipped lowest up to 257.80 last week. This indicates a bullish sentiment for the week.

BANKBARODA full month swing targets
Monthly Up Target 1 268.25
Monthly Up Target 2 271.65
Monthly Down Target 1 251.00
Monthly Down Target 2 242.90

Targets of ₹268.25 can be expected to be reached in the coming month. Once BANKBARODA achieved this target, we can aim for the next upside target of ₹271.65.

BANKBARODA if fails to hold upside, down targets of ₹251.00 and ₹242.90 can be achieved by end of this month.

For complete three weeks if BANKBARODA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as BANKBARODA

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

BANKBARODA is expected to reach the target of 261.15 in tomorrow's trading session.

After achieving the initial target in BANKBARODA, we will aim for higher targets of 263.20 tomorrow.

However, if BANKBARODA starts to trade below ₹259.80, then we will shift our focus to the sell side and aim for down targets of 257.75 and 256.40.