Stock Radar: Bank of Baroda forms double bottom pattern on daily charts; time to buy?

This stock reached a peak price of Rs 298 on June 3rd, 2024, but then began to decline. By July, it had fallen below both its 50-day and 200-day moving averages, a bearish signal. Although the stock briefly recovered and climbed back above its 50-day moving average in August, this upward movement was short-lived. Overall, the stock is currently trading over 16% lower than its June high.