Bankindia is forming a rounding bottom pattern on the bigger timeframe. It had also given the breakout from the long sloping trendline & Horizontal resistance line on daily chart after bouncing back in copy book style from its 50MA. And also coming out of parallel channel. So we can expect a good positive movement in this stock. Many breakouts happening + MA support= Good movement Expectation So it can give a move from here above 151-152 range to a level of 185-187 range with a sl @138 on safety side.
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Bankindia Moving 1.5% up will buy abv the levels...
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Keep eye on it in next session can show a good move..
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Consolidating for a big move again
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Friends it takes lot of time to do such a deep analysis. Please keep liking the ideas. Liking the idea do not cost you but encourages us to put more n more efforts. Thanks.
Trade active
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Bankindia as seen on chart blasting hope friends enjoying...
Trade closed: target reached
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BankIndia done the tgt...Massive return in 15 days...