Banking Sector Top Stocks for Trading

Bank of Baroda: 

Technical outlook: On daily chart Reversal from support levels of 136.Stock forming bullish divergence so its good opportunity for go long taking support from long term support line…can go along with target resistance downtrend line and above.

Strategy for Investment: You may take a position in BANKBARODA Future on the level around 145 for the targets of 150,155 with strict stop loss of 135 below on closing basis.

Bank of India:

Technical Graph: There are 5 occasions since 2016 Bank of India has been saved by 200 DMA, Now 6th time it is standing at 200 DMA, stock bounced from this level now trying to break its resistance of downtrend line.

Strategy for Trading: – You may take a position in BANKINDIA Future on the level around 155 if you are having short term view you may buy BANKINDIA FUTURE, so you can see the level 160,165 of with Stop-loss of 145 below on closing basis.

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