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.
NSE:BANKINDIA
Observations- on the Chart.
I see an upside in BANKOFINDIA .
Hope to see it does what I made in the chart.
There can be more push to upside than shown in the chart.
Overall seems Long term Bullish as Banking sector PSUs privatize in India.
Predictions are merely for education purposes. No Trading Advice whatsoever in this profile.
#BANKINDIA
CMP: 67.20
Target: 104++
NSE:BANKINDIA
May Hold After Target Reached.
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Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚
PSU banks had a good run today and so many stocks formed similar structure. One can buy around current levels with a SL below the close of swing low and swing high as target.
76.50 major support after falling from 101.40
corrected more then 25rs. from high price if it will sustain above Rs.76 it possible to go Rs.85 Sl Rs.71
I will look at buying BANKINDIA because :
It is at the resistance and that resistance
Will be a risky trade .
Entry : 59
Target : 69.8
Stop loss : 55.8
Hi Investors,
BANKINDIA looks very good in long term with year-long consolidation. Above 60, we can see a trend change. So far, Patterns are repeating itself in Weekly and Daily time frames.
I hope you will benefit from this knowledge
-MetaVish
