--Breakout and retest sustained
-- Breakout confirmed on weekly and daily chart
--PSU Theme
--Breakout along with volumes
--Target 130+ (short term)
--Stoploss is below 93
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade /...
Harmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic...
BANKINDIA BREAKOUT OF CUP AND HANDLE PATTERN WITH VOLUME
1) Cup and handle breakout
2) Volume is very good in breakout candle
3) Up side target same as cup size !! TARGET 161
Multi year break out , looking good for investment .
Targets mentioned in the charts.
Positive on PSU bank sector.
Make your own decision as markets trading all time high .
NSE:BANKINDIA
marching towards 125-150 zone
cmp is 89
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point...
NSE:BANKINDIA
✅ #BANKINDIA trading above Resistance of 101
✅ Next Resistance is at 133
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Stock Name-BANK OF INDIA
Enter at CMP & do average till 80 only
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Above level 88 XABCD will be activated.
If sustains above BOS then it more to go.
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Only my view.
Mid to Long term.
Strictly follow Sl
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more...
Understanding the Price behaviour can save you a lot of money and make you a lot of money as well.
BOI 11 Sep 2023
The stock was showing a good price action for the past couple of weeks, Likely to BO above the 2 years resistance level of 100.
In Play : HH-HL
Summary
• Trading above VAH
• Next Resistance 100 zone(round number and SH)
Conclusion
• CMP 97
• Higher...
As we can see at the chart, the price has made a significant upward movement, breaking out from a pattern called a 'symmetric triangle.' Currently, the price is trading above a specific line when we observe it on a daily basis. There are two ways we can consider entering a trade:
1.If the price comes back to the breakout level (resistance) and stays above it, we...
Pattern : Falling Wedge/ Triangle
Symbol : Bank of India
Description : Broken long term resistance, structure positive, pattern target indicates very good return potential.
Remember : Technical patterns are just one piece of puzzle. Conduct further research, consult financial advisor and manage your risk appropriately.
