Shredskin
Long

Buy opportunity after a pull back

NSE:BANKINDIA   BK OF INDIA
Bank of India has finished a probable flat as part of its correction to the upside. I think its going to be in a 240 pullback before the next move. This pull back could give a low risk / high reward entry. There's no sell setup and even if one manages to sell, I don't think its going too far down. Also, we are at a very low level on the weekly so the probability of an up move is more of a possibility than a down move. As always, patience is the key.

Any Fundamental Analyst views/thoughts, please share.