Bank of India: Big Channel Breakout Long

BK OF INDIANSE

Description

⋅ Nov 10, 2016 5:25 AM

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

⋅ Nov 10, 2016 7:13 AM

Running fast towards the target, cheers

Trade closed: target reached

⋅ Nov 11, 2016 3:26 AM

Target reached successfully. Regards

Comments

ashpats

⋅ Nov 10, 2016 7:04 AM

Thanks Neetesh
Nice analysis. Its working

NeeteshJain

⋅ Nov 11, 2016 3:27 AM

@ashpats, Yes, It did well. Regards

ShanTrader

⋅ Nov 11, 2016 8:02 PM

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

AMBRISH

⋅ Nov 11, 2016 5:43 AM

congrats,

justDSingh

⋅ Nov 11, 2016 3:29 AM

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

NeeteshJain

⋅ Nov 11, 2016 3:33 AM

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

DebuRoy

⋅ Nov 10, 2016 5:53 AM

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

NeeteshJain

⋅ Nov 10, 2016 6:41 AM

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