Bank of baroda-Rs.1012/- seems to have formed a Head and Shoulders pattern over a period of two and half years and nearly 34 months( which happens to be a fibonacci). The long period of consolidation is a very good indication that the stocks is poised for further upsides. It would surely surpass the all time high in coming days or weeks. The only draw back is the volumes on break out are not heavy, this is the only draw back other wise the patter is perfect so we have to see for volumes pick up in coming days/weeks. So now comes the question what would be the target for the break out is Rs.550 from Rs.1000 which comes to around Rs.1550 which is nearly 50% from current levels. Stop Loss Rs.850/-.

May all be Peaceful and Happy
M.Mahiidar
Enjoying Life
Trend is Friend.