BANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
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...
Based on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 13-Jun-2018 for BANKINDIA
Buy Above: 101.7 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own...
Hi All ,
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Target shown on chart. Let it go in any direction we will make money.
Following is strategy:
Buy 100 call @ 8.25
Buy 100 put @ 4.25
You need capital of 3lakh to take this trade since lot size of 6k , if you don't have don't take this trade.
Medium and short degree counts suggest some downside for bank of india.
Longer degree counts might disagree.
Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.