dravya

MAY Watchlist - Stock No. 2 - BANKINDIA

NSE:BANKINDIA   BK OF INDIA
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8
195 11
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.
Comment: Around 3% down as of now.
Trade closed: target reached: Intraday profits done.

3.75 % down on closing.

Exited at around average of 3%.
Comment: Will look for long opportunities above the line.
Trade closed manually: Chart closed. May ended. Straight down fall.
The one who masters basic is the one can become a Master.
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dravya VikramRajput
@VikramRajput, thanks buddy :)
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bro give ur insight on dishtv
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dravya VikramRajput
@VikramRajput, was very inactive . didn't see this before.
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@dravya, Good call. Wish I had taken position :)
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raj.zing raj.zing
@dravya, Also one question, if I may (as I am new to TA and charts). What pattern/trigger in the chart indicated you to rightly advice a Short position in this case. I thought when a stock moves up with good Volume it is normally bullish.
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dravya raj.zing
@raj.zing, yeah, but this was a good resistance point.
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raj.zing dravya
Thank you @dravya
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please why sell give some good technical reason
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dravya rupambose32
@rupambose32 discretion prevails.
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