Stock name: Bank of Baroda

Pattern: Near a Fibonacci level

Time frame: Daily

Observation:
The stock has been in an uptrend since March 2020 lows and has had healthy pullbacks during the entire duration. Recently also the stock had an up-move and is currently going through a pull back.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1. Q2 results update: Titan Company Limited
Titan on Thursday said its overall sales grew 18% YoY in the September quarter. The company has witnessed healthy double-digit growth across most businesses, according to the quarterly update. Titan added 105 stores in its retail network in the second quarter of the current fiscal.

2. Today is the last day to apply for the Electronics Mart India IPO. The IPO of Electronics Mart India continues to draw a solid response from investors during the third and last day of its bidding process and is oversubscribed by all the categories.

3. Shares of Ujjivan Small Finance Bank rallied 8% to hit a 52-week high of Rs. 26 in today’s trade after the private lender recorded a 44% growth in gross loan book at Rs. 20,938 crores in the September quarter; driven by micro, affordable housing and individual borrowings.