BANKINDIA trade ideas
BANKINDIA for long time investment- MULTI YEAR BREAKOUTOne can check this stock for long time investment.
The stock is forming a beautiful falling wedge pattern after a years
Go Long Bank of India Go long above 80.20
SL 72.90
Target 86,92,98
Stock is in contraction phase breaking of these levels we can expect some good upleg move
Just for educatioal purposes.
Swing Opportunity in Bank of IndiaGo Long above 82.1 for Targets of 91.1 and 100.1, with SL 73.1
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level.
3. In addition to this, the stock is forming a symmetrical chart pattern and can give upside movement if the upper trendline breaks.
Bank Of India - Possible up surgeAfter the earnings and the broken resistance turned support, we can possibly expect an up surge.
buy above 75Euphoria of FEB has subsided and stock has reached the support zone.
once 75 is crossed it might give some upside
BANKINDIA Triangle BreakoutBANKINDIA breaking out from triangle with volumes
Targets Zones: 95-101-108
Stop Loss Zone: 76 closing basis
Disclaimer: This is just my personal view. Please do your own research before trading.
BANKINDIA: Buy a bank at ₹80Swing trade: Buy Bank of India at cmp, for a target of 101, horizon: 14 days, sl: 79. All Oscillators are positive. Chart is self-explanatory.
BANKINDIA - Nothing as Rocket Science!1. Price has taken good support from 62.50 levels
2. After a pullback of ~ 38%. bulls have taken back the control which was clearly visible after the price broke out above the trendline with over an average volumes (in 4h + 1d time frame).
3. With PSU bank taking control of bank nifty, these mid PSU banks can also perform well.
