BANKOFBARODA 1D TF

BANKBARODA has been forming a consolidation for a long time which it has just broke. The market has broken the consolidation and is moving up. The candle that broke the consolidation is a good candle (though it is not a very good bullish candle). The volume is good. Hence a 1:1.5 RR trade can be entered.

The link to my previous post is given below where we've discussed about the consolidation. You can check the post for reference.

Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades