BANK OF BARODA

RATIONALE :-

1. Not going much detail in to Elliot  wave analysis ,I have numbered the pivot points , which I have used for calculating the extension levels .

2.It is clearly visible that , Bank of Baroda has under performed when compared to Yes bank.

3.Here we can understand ,even though  both the chart has similar developments (PATTERN) but Bank of Baroda has failed to perform .

4.Hence asset quality also plays an important role while selecting the stocks, with technical.

Now I have come up with one more interesting observation , which has similar developments ,which fits in to FRACTAL THEORY

let us see the charts 

                                                             CENTURY TEXTILE

Observations

1.Similar development , when compared to yes bank and Bank of Baroda

2.Fundamentally it is performer in its sector .

3. So expecting to test at least 100% extension level i.e. 850

4. Consolidating in the range of 200-620 from OCT 2009 till date (28- March -2015 )

HOW TO TRADE

1. AT current level it is safer to buy call of rs 660 or rs 700 strike price April expiry which is trading at rs 20 and rs 5 respectively .