BANCO PRODUCTS NSE:​BANCOINDIA

Scrip price action can be seen taking a pullback after forming rounding bottom pattern for approx. 10 weeks and standing at attractive valuation currently with right P/E - www.marketsmojo.com Expecting the scrip to first touch tp-1 and then, surpass 52-week highs this time after reversal and crossing...

Disclaimer.. Tracking fundamentals, not invested currently... this is not an investing/trading recoomendation

Banco- weekly chart taking support on trend line

mentioned on the chart

Technical : (Weekly Chart) Ascending Triangle Chart Pattern! Breakout @ 261 Technical Target: 350 Fundamentals : (Fundamental Medium Term Target 400) (Fundamental Long Term Target 500) 1.Total (Mkt. Cap) : 1865cr 2. Zero Debt : 0.00cr 3. Stock PE : 17.33 4. ROE : 20.40

Watch-list - Looks good above 260 on closing basis

#BANCOINDIA CMP 239.75 High volume breakout on 24 Nov from ascending triangle. Retracement towards top of triangle; copybook classical charting. Primary target: 320

Ascending triangle pattern spotted in Banco Products weekly and daily charts. Buy on the breakout for upside. Target marked in red at around 315-320. Good luck to y'all..

Flag breakout