dravya

MAY Watchlist - Stock No. 2 - BANKINDIA

NSE:BANKINDIA   BK OF INDIA
195 views
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.
Reply
dravya VikramRajput
@VikramRajput, thanks buddy :)
Reply
bro give ur insight on dishtv
Reply
dravya VikramRajput
@VikramRajput, was very inactive . didn't see this before.
Reply
@dravya, Good call. Wish I had taken position :)
Reply
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.
Reply
dravya raj.zing
@raj.zing, yeah, but this was a good resistance point.
Reply
raj.zing dravya
Thank you @dravya
Reply
please why sell give some good technical reason
Reply
dravya rupambose32
@rupambose32 discretion prevails.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out