BANKBARODA // level // 1d

2 Okt

(BANKBARODA), you can follow this structured approach:

Support Levels
Recent Lows: Identify the lowest price points over recent weeks or months. For example, if BANKBARODA recently dipped to around ₹150, that could serve as a support level.
Moving Averages: The 50-day or 200-day moving averages often act as dynamic support levels. If the price approaches these averages, they may provide support.
Previous Support Areas: Look at historical levels where the stock has bounced back.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. For example, if the stock peaked at around ₹170, that might be a resistance level.
Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance.
Psychological Levels: Round numbers, like ₹160 or ₹180, often act as resistance.
Example Analysis (Hypothetical)
Support Level: ₹150 (recent low)
Resistance Level: ₹170 (recent high)