The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
Price has come out of stage-1 accumulation. one can notice the high volume activity as well in recent months. Now it has been giving pullbacks as per market conditions and seems to be ready for further upside...
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
BANK OF INDIA
Target: RS 153
CMP: RS 145.30
ENTRY RANGE: 142-147
STOP LOSS: RS 135
Disclaimer: I am not Sebi Registered.
As per Daily chart layout, there is revershal seen in the stock, strong upmove can be expected in the stock upto 156 and if the level crossed in the coming days and week then new high will come in the stock, short term level 156, 165 and 180.
--Buy for swing
--breakout and retest
--looking good for 20 to 30 % up side in upcoming weeks
--good Q3 result
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives,...
#BANKINDIA trading above Resistance of 145
Next Resistance is at 202
Support is at 108
Here are previous charts:
Chart is 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...
#BANKINDIA trading above Resistance of 123
Next Resistance is at 145
Support is at 101
Here are previous charts:
Chart is 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...
-Broke resistance with high volume
-strong closing in weekly time frame
-rsi & adx rising shows strength in momentum
-quarterly earning rising rapidly looks strong for upside
-keep in radar
NSE:BANKINDIA
✅ #BANKINDIA trading above Resistance of 133
✅ Next Resistance is at 215
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...
Bank of India (Bank India) is currently setting the stage for a significant market move as it breaks through its all-time high, accompanied by a notable surge in trading volume. This compelling development hints at a potential and sustained up move for the stock.
Market enthusiasts and investors are closely observing Bank India as it achieves this historic...
Bank of India has been in downtrend since multiple years.
Well the trend is changing now.
Here is my idea to multiply the gains.
This is my own take, and not a recommendation to trade / invest.
Please consult your advisor before investing.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
