Simple Trade: Swing entry opportunity in Bank of India on a Daily Time frame. Stock has taken a support on 200ema on a daily time frame which coincides with the support line formation updated on chart. Look for Risk Reward of 1:2 as mentioned If you like my Ideas please share it with your friends and community. Note: This idea is for Education purpose only.
Sell below low of breakdown candle at 72.45 stoploss at 74.55
good for short term as well as long term first target is 80.00
Bullish above 75 Bounce from lower upward channel Next Res @ 82
1. Pinbar formed at S/R level 2. Fibonacci Retracement 61.8% confirms that S/R level. 3. Trendline is in perfect position for the pinbar which acts as trendline. 4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window. 5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and...
BUY ABOVE HIGH OF BREAKOUT CANDLE WITH 1:2 MINIMUM,stock given nice breakout keep breakout candle low as sl
The stock has formed double bottom in Day time frame. It has given a neckline breakout too. Can go long at current market price (75.50). The height of the bottom can be taken as Target(84.00).
~All the information given in the chart is for the educational purpose only. ~Do your own research before investing. ~This is not my recommendation. ~My recommendation--LEARN MORE EARN MORE.
BOI uptrend journey is fast. expecting 102 levels in few weeks
NSE:BANKINDIA ✅ #BANKINDIA trading above Resistance of 85 ✅ Next Resistance is at 101 ✅ Current Strength in PSU banks is positive for BANKINDIA Related chart: 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...
If this breaks it can go upto 83 it’s been already a good upmove and now it formed a symmetrical triangle and even volume is above its 20 Sam
NSE:BANKINDIA Monthly Analysis for longer period Trendline Breakout Since 2020 it has consolidated and gave good breakout with strong volume.
Stock has come out of the Inverted H&S pattern and with the breadth of the head the projected target is 82% and long term target can be 300%
Golden crossover of 50 SMA over 200 SMA with stok making a double bottom, suggestive of a trend reversal and a bullish signal.
Buy if RSI goes above 50 in 4 Hours chart ENTRY: 48.70 TARGET 1: 50.95 (@ Weekly Pivot Resistance) TARGET 2: 52.50 SL: 48.20 Positive: 2) Above Day pivot 3) BB baseline support Negative: 1) Downtrend 2) Risky Trade
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
closed above 200 dma 48.99 with increased volume. PE ratio 5.85. book value 117.47. reserve is more than 10 times of equity share capital. good effect of bad bank.
ENTRY: 50.65 TARGET 1: 53.60 TARGET 2: 53.60 SL: 49.25 Positives: - RSI Divergence - Making higher highs. - Good Volume buying on 2nd August. - Breaking Trendline. - Trending above 50 MA. - Head and Shoulder Pattern Negatives: - Still in Downtrends