This Chart is Bank India. If Break and Close above Trend line of 1 hr Time Fame with Volume. Buy above high of Breakout candle and SL is BO Candle's Low.
Target is Trailing SL of BO Candle Range for positional Trader
Bank Of India (BANKINDIA) weekly chart study - Triangle bottom
Trade in the direction of breakout. Expecting a breakout on bullish side based on RSI divergence (minor evidence). Still its advisable to wait for the breakout before buying.
Bank 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...