Posted On: August 4, 2023

Stock Report: BANKBAROADA(NSE) 03 Aug 2023 

Outlook: BEARISH

Sector: Financial Services    

Industry: Banks-Regional 

Bank of Baroda (BOB or BoB) is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 153 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices.

#xCalData predicts that # BANKBAROADA will continue its bearish phase over the next five days and trend within the range of 189 to 201. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.47% indicating a bearish.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MACD indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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