nextgen
Short

Bank of India fired breakout of bearish channel

NSE:BANKINDIA   BK OF INDIA
84 2 2
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.
Thanks.
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I agree, looks promising for a short to 113 and then move up again.
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