Bank Of India | Triangle Pattern Breakout | Swing Trade 1) Triangle Pattern Breakout 2) Breakout and good consolidation and upward momentum this is just a view and trade at your own risk
From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside Can wait for a minor pullback to happen and then enter based on the daily timeframe. Has a good potential on the upside with a Risk/Reward of 1:6
BANKBARODA has broken out on the upside from the symmetric triangle. Pullback done and reversed with a hammer candlestick formation. Can enter long with the target levels marked and SL for 76 PS: BANKNIFTY also looks strongly bullish in terms of the market trend
Sl 2690 Target - 1st 2840 2nd 3000 Good risk-reward
I published Yes Bank long idea yesterday but mistakenly as a private idea. Rectifying my mistake. It would be interesting to see this idea in a negative market environment. Regards.
Notes on the chart. Your likes and comments are highly appreciated. Trade safe.
"Nobody knows what a stock gonna do, the least we can do is to build a plan and execute it". Notes on the Charts. Aggressive entry or entry in the demand zone could be two favorable approaches to follow. Hit like if you think this information was useful. Trade safe, stay healthy Best Regards Afraidtotrade