NSE: Bank of India
Very strong momentum play for medium term & strong up channel with price action
Possible buy with stop loss 96.35, with targets 109 (resistance),after 109 break out target 117, 127, 131 and 145.
Breakout above 145 can take price to 168 levels.
After correction touched a low of 74.30 and pulled back with recent high of 109.
Stock is moving in...
Buy Put 95 Jan contract at Market price when Price in cash Makes 105 tentatively or ideal price should be INR 1.90 and book when price in cash near 95 or as per your comfort ideal booking should be near INR 9.00 , this scrip price will move up to 105 or it can go more by another point , its not an issue , but it has to correct (price correction ) before it...
A Potential Bullish Gartley near completion on 15 mins chart.
Trade levels detailed on chart.
ENTRY : 136.8
TARGET 1 : 138.4 ( 38.2%)
TARGET 2 : 139.5 (61.8%)
STOP : 135.7 (standrad)
Considering Stop below 135.4 would be beneficial as its below the trend line. " PLAN YOUR TRADE, TRADE YOUR PLAN"
Note : RSI already entered into oversold zone.
BANKOFINDIA: ₹149 target 139_123_102 & 80
we are in wave iv of c of a deep zigzag ABC,
and it look like the pattern completed here.
if true we will see a fall towards 80 again.
But the banking index is so bullish, Hence the c will extended
or fall may be delayed further
See the big pictures here.