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BANKINDIA trade ideas

BANKINDIABANKINDIA:- If the stock sustains by giving a breakout of 76 level, then we can see an upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BANKINDIALong
by AjayDhakad_Keep_it_simple
Breakout and retest--Breakout and retest sustained -- Breakout confirmed on weekly and daily chart --PSU Theme --Breakout along with volumes --Target 130+ (short term) --Stoploss is below 93 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, time horizon & risk tolerance -- Do your own analysis and consult your financial adviser
BSE:BANKINDIALong
by shreks14
BANK OF INDIAHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:BANKINDIALong
by imkunal7
BANKINDIA - Long Setup, Move is ON..NSE:BANKINDIA ✅ #BANKINDIA trading above Resistance of 101 ✅ Next Resistance is at 133 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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BANKINDIA
by Sandeep_Aggarwal
Bank Of India : 28% to 150% Upside PotentialUnderstanding the Price behaviour can save you a lot of money and make you a lot of money as well. BOI 11 Sep 2023 The stock was showing a good price action for the past couple of weeks, Likely to BO above the 2 years resistance level of 100. In Play : HH-HL Summary • Trading above VAH • Next Resistance 100 zone(round number and SH) Conclusion • CMP 97 • Higher Targets could be around o Short Term : 102/116 o Mid/Long Term : 155-180-219-254 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
BSE:BANKINDIALong
by DhirajSinghBais
1
Bank of India: Target 10% with 1:1 Risk-RewardAs we can see at the chart, the price has made a significant upward movement, breaking out from a pattern called a 'symmetric triangle.' Currently, the price is trading above a specific line when we observe it on a daily basis. There are two ways we can consider entering a trade: 1.If the price comes back to the breakout level (resistance) and stays above it, we can consider entering the trade. 2. if the price doesn't retest the resistance, but instead shows a strong increase in trading volume with a noticeable large candle, that could also be a good signal to enter the trade. We can aim for at least a 10% gain from this level while maintaining a reasonable 1:1 risk-reward ratio It was just for demonstration purpose, Do not take it as reccomdation.
BSE:BANKINDIA
by BullishLine
2