BANKINDIA trade ideas
BANK OF INDIA (29/3/23)NSE:BANKINDIA
given a fake breakout.can sell below 74.50.
downside target 71.55
next target 67.60.
before buying be careful about the trade.
stoploss will be 71.
Bank of India Breakout BK of India is very crucial level if stock break the pattern and close the candle with good strength.
We will see a good price movement in upcoming Days [/
Always do your own Analysis first
BANKINDIA - Swing tradeBank of India gave a triangle breakout. We can enter here else wait for retesting the breakout.
BOI good for target 100Bank of india looks good for target of 100
Timeframe is tough to say
But as per chart it has to hit target of 100
BANKINDIA: Started new uptrend.Bank of India started its new uptrend corrections. It will be time consuming but trend will be up.
BANK OF INDIA LEVELS 05.01.2022 (D Candle) BANK OF INDIA waiting for trend break out, once its closed above 58 will expect 80+ in 2022
CUP AND HANDLE BREAKOUTPERFECT ENTRY FOR 20% IN SHORT TERM
high volume in breakout
perfect for less than 3 months position
Bank of India - attractive levels to try longsApproaching majot trendline
Possible RSI bullish divergence setup
BANKINDIA | Nice Pullback from Trendline and FIB level High Probability - Pullback from Trendline / FIB level
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Initial Buy levels : 56 - 59
Initial S/L : 53
Average more @ 62.5+ & 70+ levels
Technicals:
- Price bouncing with volume near INR.55 - 58 level, which is a perfect
Confluence of Trendline support and FIB 61.8 level.
- similar Confluence of Volume/FIB level Setup on 2'Nov20, resulted in a big rally.
Fundamentals:
- stock trading at 0.5 of its book value
- EPS turned positive ( INR +6.x compared to last year's INR -9.x))
- beneficiary of Govt's new Bad Bank announcement on 16Sep21.
- GNPA may reduce once NPAs are transferred to NARCL(bad bank).
Targets :
- Always Trail your S/L and leave the reward to Market.
(watch out when the price is INR.105+.. price movement may be faster. )
Caution : Midcap PSU stock... Prefer to allocate NOT more than 5-10% of your capital. And please consult your financial advisor to know more about the share market and the risks associated with buying / selling shares.
Bank of india weekly chartbank of India trading at an important level on weekly chart. cant say its going to reverse since it has not made any kind of pattern at this level. yet the historic trend indicated that it will act as a support.
BANKINDIA BULLISH BUTTERFLY PATTERNHello
Welcome to this analysis about BANKINDIA, we are looking at daily timeframe perspectives. BANKINDIA in recent times heavily decreased with bearishness however it now moved into an oversold condition. BANKINDIA is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BANKINDIA is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BANKINDIA has emerged with this key BULLISH BUTTERFLY PATTERN marked in my chart with the black boundaries. BANKINDIA is near support region which is an important support and also psychological support-mark together with the lower-boundary of the BULLISH BUTTERFLY PATTERN a pullback
In this manner, thank you for watching my update-analysis about BANKINDIA and its major BULLISH BUTTERFLY PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Bank of India can hit 158Buy closing above 75 for target of 158.
Remember it may take time not short term target.
