Bank of India has major exposure to Future Group, the reliance acquisition news makes it a major beneficiary.
Trade carefully, hold for 58-60 Rs. targets, following 48.5 as stop loss.
BANK OF INDIA looks bullish as per this analysis, started breakout.
T1 - 47
T2 - 54
SL - 39
Note : This analysis purely for educational purpose, and pls share your views.. open for correnction.
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...
POSITIONAL TRADE IN BANK OF INDIA
MARCH FUT
DOUBLE FORMATION VISIBLE ON DAILY CHART
CLOSE ABOVE 91+RISE IN OPEN INTEREST WOULD LEAD TO 100
BUY@91
STOP@88
TARGET@98-100
LOT:6000
QTY:1
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 -
T1: 102.5
T2: 102.9
T3: 103.4
SL: 100.9
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.
Options are...
#valentines day
I find the stock bearish keeping mid and short term perspective
and have checked the upside levels for the stock ...which will now a big hurdle in its journey upwards !!!!!!!
