BANKINDIA :: LONG (Trendline reversal)
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-- Price took support from Long term Trendline few weeks ago and making HH & HLs.
-- Price also broke the Falling wedge resistance line and held for last few days
Buy Levels :: 56-57 Initial S/L 52
Add more above @ 62.5
Use SuperTrend Indicator to trail your SL
/**
Caution : Midcap PSU Bank stock... Prefer allocating less than 5-10% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
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-- Price took support from Long term Trendline few weeks ago and making HH & HLs.
-- Price also broke the Falling wedge resistance line and held for last few days
Buy Levels :: 56-57 Initial S/L 52
Add more above @ 62.5
Use SuperTrend Indicator to trail your SL
/**
Caution : Midcap PSU Bank stock... Prefer allocating less than 5-10% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Comment:
Trading near crucial 63.5 Levels... If held,,may see good traction in price move