BANKINDIA trade ideas
200 DMA - Will it work this time for Bank IndiaThere are 5 occasions since 2016 Bank of India has been saved by 200 DMA, Now 6th time it is standing at 200 DMA, will it work for this time too. Lets watch if bounces use for longs till 155.
Bank Of India GartleyBearish and Bullish Gartley Pattern in the making. Lets see which completes first.
Yellow Bearish can still go down a bit more and retrace and still be a valid one
currently at 618 FIB of the big leg up of Blue Gartley.
Breakout - Bank Of IndiaBank of India has given breakout on hourly chart with strong volumes; one can buy for target of 160, 162 & 164. SL 155
BANK OF 'INDIA' LOOKING DOWN AT 'SRILANKA'Medium and short degree counts suggest some downside for bank of india.
Longer degree counts might disagree.
Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.
No stopping BANK OF INDIA nowNSE:BANKINDIA has already broken resistance near 164 with significant volume. If it breaks on the upside of the triangle as shown in the pic below, there is no stopping it from going to 177-179 levels.
Trade carefully.
Break Out - BOIBOI gave break out and the same level was retested today, one can buy Bank of India for target of 170 SL can be placed at 147.
bANK oF iNDIA IS set to test 159 soon NSE:BANKINDIA is set to test 159 soon . Made an inverted Head and Shoulder , broke the neckline with surge in volumes . Kumo Breakout also occured in the stock .
BankIndia : Sneak-Peek with Williams IndicatorUsually people call it with many other names, but anyway its one of the indicators developed/used by Bill williams & as any other strategy if you apply with proper plan you can win most of the time & make money. It depends on how you apply & if you have bit of coding skills, try it out with trade signal generation in Pine script.
Happy Trading :)
Bank Of India- Likely to breakout- LongBOI stucked in zone...If crosses & close above 148, next target is 152 and if crosses that too..it will go to 160...MACD also likely to cross zero line, RSI may come again to touch mid line @50 but surely bounce from 141-145 level..
BANK OF INDIAexplained in charts
one can look into this stock above 140
for target towards 145/150
risk management levels 135
psu bank nifty ka outperformermade a strong bullish doji in a downtrend when bank nifty getting slaughtered..strong bullish price volume action towards the end of the day
enter at cmp for targets of 138.5/140
Intra/BTST Trade Setup: Bullish Gartley on Bank of India @ 136.8Hey,
A Potential Bullish Gartley near completion on 15 mins chart.
Trade levels detailed on chart.
ENTRY : 136.8
TARGET 1 : 138.4 ( 38.2%)
TARGET 2 : 139.5 (61.8%)
STOP : 135.7 (standrad)
Considering Stop below 135.4 would be beneficial as its below the trend line. " PLAN YOUR TRADE, TRADE YOUR PLAN"
Note : RSI already entered into oversold zone.
Trade with care,
Gulz
Bank of India - Bearish Pennant Breakout It is been observe on the daily chart that the price action breaks out from a bearish pennant pattern, indicating a further fall to downside.
Target: 130
Stoploss: 144
bank of india - looks weakwe might see a breakdown on the downside with a large candle. short below 141 for 134,128 target.
MAY Watchlist - Stock No. 2 - BANKINDIAAs shown in chart,
this is an important level for the stock ,
price has returned to these levels after months
with a huge upmove.
I expect a reversal from here in the short term.
If you notice, last time too it approached it strongly but then reversed.
I will look for short in the first days of May,
with a minimal SL .
Upon a certain level above the line,
I'd look for long in the medium term with levels below the line as SL.
Another ABCD on BankIndia !(i) RSI overbought
(ii) ABCD completion
(iii) Check with fibs aligns perfectly as resistance
Check your plan before entering the trade :)
