Bank of Baroda share price may fall to 120 level

Bank of Baroda share price action is showing weakness in the stock. At daily candlestick chart, the stock has formed a bearish pattern.

In the previous trading session, the stock broken below a trend line placed around price level of 136. It also gave close below that level.

Bank of Baroda share price

This completed the Head & Shoulders Pattern. The pattern breakdown is bearish signal for the share prices.

In coming trading sessions, the stock prices may head lower to 120. Short selling can be done in the stock around 135-136 level.

Stop-loss can be placed safely at 138 or more safely at 144.

 

 

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