Bank of India fired breakout of bearish channel

Nov 13, 2016

Bank of India fired breakout to change the bearish trend the stock trading since last two months also it retraced to crucial fibo 50% level before breakout. stock is looking technically strong but it is likely to retest the former level 113.00 support before establishing the up trend. It closed on Friday forking a shooting star candle stick pattern, trader may short this stock slightly higher price around 125.00 for a target of 113.00.