AbhishekHSinghCMT

Bank India- Push till 122-124 zone in B-Wave Triangle

Long
NSE:BANKINDIA   BK OF INDIA
4
From 78. 40 lows -seems that it is shaping into A-B-C correction. A-wave made a high@117.70-since then it moving into a sideways pattern-likely tracing out B-wave, Triangle - In B-wave triangle-looks to move in d-leg internally which can push prices to 122-124 zone where it will face resistance.

Trendline should support this push which is connected between 101.30-108-109.45 - Laxman Rekha - Bank India should not go below 109.45 -key level, then the price can push up till 122-124 zone & form d-leg of the triangle.

Regards,
Abhishek H. Singh, CMT

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.