BankBaroda- CMP 59.05, It is on continuous rise for past one week from 47 to 59.05. Its RSI has touched resistance. Will RSI breaks this resistance or not to be seen. Seems to bein overbought zone. But it convincingly closed above its almost 9 month high. MACD is still showing positive divergence. On friday as per OI it has got short covering. It has cleared many resistances and i feel it may go to the levels of at least 70 in this month with intermittent corrections if market does not fall badly. This is for educational purpose only.
