BANKINDIA:- If the stock sustains by giving a breakout of 76 level, then we can see an upside movement.
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rest details mentioned in the chart.
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#BANKINDIA trading above Resistance of 101
Next Resistance is at 123
Support is at 69
Here are previous charts:
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...
NSE:BANKINDIA
✅ #BANKINDIA trading above Resistance of 101
✅ Next Resistance is at 133
Related charts:
Charts are 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 only....
1. Pinbar formed at S/R level
2. Fibonacci Retracement 61.8% confirms that S/R level.
3. Trendline is in perfect position for the pinbar which acts as trendline.
4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window.
5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
BankIndia is at an important stage to go up or down :
Reasons/Traits :
• Came to test the trend line
• Volumes are high
• Todays close is higher than recent lower high
• Price above 13/20 and crossed 50 EMA today and inching to 200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 62.5...
BANKINDIA :: LONG
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Buy Range :: Below 60.85
S/L :: 57.4
Target 67+
Trail using FIB Levels or SuperTrend Indicator
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Caution : PSU Bank stock... Prefer allocating <10% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the...
BANKINDIA :: LONG (Trendline reversal)
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-- Price took support from Long term Trendline few weeks ago and making HH & HLs.
-- Price also broke the Falling wedge resistance line and held for last few days
Buy Levels :: 56-57 Initial S/L 52
Add more above @ 62.5
Use SuperTrend Indicator to trail your...
Banknifty analysis for tomorrow 29th set 2021.
Both Sensex and Nifty ended in the red terrain. Domestic sentiment was impacted by negative cues from other Asian markets. Sensex is down 829 points and the Nifty tumbled 217 points. Among the sectors, the realty index is down over 3 percent while the IT index shed more th an 2 percent.
BANKINDIA has been a down trending stock since many years. There is a Change in momentum in Monthly timeframe.
Going to buy the falling knife.
BANKINDIA
Buy-Between 45-50
Sl- 35
T-70 90 100 130
