Buy Bank of Baroda with 10% return: Mazhar Mohammad

Bank of Baroda appears to be consolidating in a zone of Rs 114 – 107 with a positive bias. As sentiment in PSU Banking space is firming up, one can expect a breakout in this counter as chart structure is looking very positive.

Hence, positional traders in anticipation of a breakout should buy now and add further on declines between Rs 110 – 107 and look for a target of Rs 126. A stop suggested for the trade is below Rs 106 on a closing basis.