BANKINDIA has been a down trending stock since many years. There is a Change in momentum in Monthly timeframe.
Going to buy the falling knife.
BANKINDIA
Buy-Between 45-50
Sl- 35
T-70 90 100 130
CHART OF BANK OF INDIA (BANKINDIA)
1. Today we'll discuss another stock i.e. BANK OF INDIA
2. Today Date is 14-09-2021.
3. Currently stock is trading at 56.10 which is shown in image.
4. There is technical target is 84, from 56.10 to 84 is approximately 50 % upmove gain. which mean if we buy at lower price then we have good return 50 %.
5. How...
Here I’m keeping eyes on bank of India until it will respect the trend line and will make sure that lower rejection candles should be there and as we have to keep a look on fundamentals as well so company is now making consistent profit that’s good news for us to hold till our target.
As we can see trend-line is getting respected two times i.e on the weekly...
The stock has been in a downtrend since June, moving in a parallel channel.
Currently the stock is touching its bottom channel support line, and is simultaneously near the long term support, and is a strong candidate for possible trend reversal.
In my opinion, it is a bounce back candidate considering many reasons apart from the ones mentioned above:
- RSI is...
The stock has again bounced back from yearly support with good volumes. We can buy at CMP with stoploss of 70 and target of 84. In trading nothing is advanced. Use basic concepts and you will earn good profits.
The stock has again bounced back from yearly support with good volumes. We can buy at CMP with stoploss of 70 and target of 84. R:R 1:3.
In trading nothing is advanced. Use basic concepts, you will get enough profits.
