"Bank of India: Big Channel Breakout " by trader NeeteshJain — published 2016-11-09

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BK OF INDIA (NSE:BANKINDIA)

NSE:BANKINDIA BK OF INDIA

breakout parallelchannel boi bankofindia

It is been observed on hourly chart that the price action breaks above the downtrending channel with a big bull candlestick indicating strong bullishness ahead. It may correct after this big move but now it shall reach out to previous resistance levels at 125 levels.

Target: 125
Stoploss: 110

Trade active: Running fast towards the target, cheers

Trade closed: target reached: Target reached successfully. Regards

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Excellent chart Neetesh ji. Keep it coming !!!!!!! Have a good weekend and recharge your batteries for action next week too !!!

congrats,

Is it good to buy today as the opening will be higher.Thanks

justDSingh

@justDSingh, I would suggest you to wait correction here. Regards

Thanks Neetesh
Nice analysis. Its working

ashpats

@ashpats, Yes, It did well. Regards

very many thanks for your clear & transparent posting.you r only 1 who mentioned clearly.

DebuRoy

@DebuRoy, Thank you, wish it adds value to your trading experience. Regards

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