BANKINDIA trade ideas
Bank of IndaHcltect has formed Triangle it can bounce around 80. If 80 is also broken then we may see 60 soon.
Expected break Out This stock is a mid cap psu bank and it has failed to hold 180 200 level during the last psu banks recapitalization news
it looks like it has formed a nice base in 80 to 100 zone
1 good news and breakout above the range this stock will rock.
Consult you financial advisor before investment This is just for education and monitoring purpose
BANKINDIA (Bank of India) BUY ABOVE 93BANKINDIA (Bank of India) BUY ABOVE 93
Stock gain momentum today, and if it crosses it's previous resistance of 93, then stock may go up to 95 and next target will be 97 & 99.
Buy opportunity after a pull backBank 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 of an up move is more of a possibility than a down move. As always, patience is the key.
Any Fundamental Analyst views/thoughts, please share.
Bank Of India : Trading OpportunityWatching the two trendlines for trigger. Risk Reward Ratio Is Attractive.
No Directional Bias.
POSITIONAL TRADE IN BANK OF INDIA MARCH (FUT)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
Bank of India - 4 hrs time frame Analysis Demand zone + BullishBank of India - 4 hrs time frame Analysis
Demand zone + Bullish Butterfly
Targets 85-90-93-96-101+ CMP 79.9
Add more if get @ 74 rs
SL 70
(All above levels are Cash levels)
NSE: BankOfIndia Strong Pullback to break out 109NSE: 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 upside channels with strong participation
AB=CD, FLAG-POLE & FIBONACCI CONFLUENCE @ BOILEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
BANKINDIA - Short Trade IdeaShort below 105.2 with SL 108.1
(stop loss as per PDH 110.3)
T1 104.1
T2 103.6
T3 102.3
T4 100.95
T5 99.25
