BANK OF INDIAUpdated MAY Watchlist - Stock No. 2 - BANKINDIA
As shown in chart,
this is an important level for the stock ,
price has returned to these levels after months
with a huge upmove.
I expect a reversal from here in the short term.
If you notice, last time too it approached it strongly but then reversed.
I will look for short in the first days of May,
with a minimal SL .
Upon a certain level above the line,
I'd look for long in the medium term with levels below the line as SL.
this is an important level for the stock ,
price has returned to these levels after months
with a huge upmove.
I expect a reversal from here in the short term.
If you notice, last time too it approached it strongly but then reversed.
I will look for short in the first days of May,
with a minimal SL .
Upon a certain level above the line,
I'd look for long in the medium term with levels below the line as SL.
Note
Around 3% down as of now.Trade closed: target reached
Intraday profits done. 3.75 % down on closing.
Exited at around average of 3%.
Note
Will look for long opportunities above the line.Trade closed manually
Chart closed. May ended. Straight down fall.
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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.
Related publications
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.