BANCOINDIA :: LONG (Bull Flag Breakout / Retest)
Initial buy :: 185 - 195
Initial S/L - 175
Add more near 210-215 (if price sustains or retraces)
Trail using SuperTrend Indicator
Use FIB Levels or Channel Top for Target reference..
Reasons for increased probability::
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-- RSI breakout and Price / RSI are making HH & HL
-- Price broke the bullish flag pattern with decent volumes and retested.
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Initial S/L - 175
Add more near 210-215 (if price sustains or retraces)
Trail using SuperTrend Indicator
Use FIB Levels or Channel Top for Target reference..
Reasons for increased probability::
----------------------------------------------
-- RSI breakout and Price / RSI are making HH & HL
-- Price broke the bullish flag pattern with decent volumes and retested.
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
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