#BANCOINDIA trading above Resistance of 637
Next Resistance is at 860
Support is at 415
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#BANCOINDIA trading above Resistance of 415
Next Resistance is at 637
Support is at 277
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Entry: above 590
SL: will update when entry is triggered
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Good up move of 40%
● Price again getting tighter along EMA10 & 20
● Dry volumes
BANCO INDIA has given a breakout on daily chart after a long consolidation of almost 4 months.
We can see good volumes below with RSI (14) above 60.
Weak below 203. Possible resistance- 265/270
Stock Name - Banco Products (i) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 274
#This is not Buy and Sell recommendation to any one. This is for...
Chart -> Banco Products(BANCOINDIA) Daily
CMP: 256
Good Range: 245 to 255
Targets: 290, 312
SL: 236 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NSE:BANCOINDIA
After Jan 2018
Cup & Handle Breakout > 189
After Retracement CMP Bounce from 50 Week SMA
Price back in Pitchfork
Targets : 226 - 272 - 318
SL: 168
RSI sustaining above 55
Volume Contraction during Retracement
Initial buy :: 185 - 195
Initial S/L - 175
Add more near 210-215 (if price sustains or retraces)
Trail using SuperTrend Indicator
Use FIB Levels or Channel Top for Target reference..
Reasons for increased probability::
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-- RSI breakout and Price / RSI are making HH & HL
-- Price broke the bullish flag pattern...
