BANKINDIA trade ideas
Bank Of India, Breakout & RetestA head-and-shoulder pattern has been forming and playing out since 2018. The larger the pattern, the bigger the potential target. A successful retest of the neckline further strengthens the pattern, and the weekly RSI is showing positive convergence with the price action.
This indicates strong potential for good returns in the stock in the near future.
Bank of India is Looking Bullish From PRICE 88 Rs AVAP**Bank of India (BOI)** is a leading public sector bank in India, headquartered in Mumbai. Established on **September 7, 1906**, by a group of eminent businessmen, it was later nationalized in **1969** along with 13 other major banks to align with the Indian government's economic policies. BOI operates a vast network of **over 5,000 branches** across India and has a strong international presence with branches and offices in **over 20 countries**, including the United States, the United Kingdom, Singapore, Japan, China, and Kenya. The bank offers a wide range of financial services, including **retail banking, corporate banking, international banking, treasury operations, and SME (Small and Medium Enterprises) banking**. It is known for its commitment to financial inclusion, actively supporting government initiatives like **Pradhan Mantri Jan Dhan Yojana (PMJDY), Mudra Loans, and digital banking** solutions. BOI has continually adapted to technological advancements, offering services like mobile banking, internet banking, and digital payment solutions to enhance customer convenience. With its rich legacy, strong financial standing, and focus on innovation, Bank of India remains a key player in the Indian banking sector, striving to contribute to the country’s economic growth and financial empowerment.
Bank of India Stuck In Two Chopping Zone 1. **Bank of India (BOI)** is a leading public sector bank in India, founded on **September 7, 1906**.
2. It was **nationalized in 1969** along with 13 other banks to expand banking services across the country.
3. The bank offers a wide range of financial services, including **loans, deposits, digital banking, and corporate banking**.
4. BOI has a **global presence** with branches in countries like the UK, USA, Singapore, and more.
5. Its headquarters is in **Mumbai, Maharashtra**, and it operates with the motto **"Relationship Beyond Banking."**
HERE IT IS - Second Entry Initiated - BANK OF INDIAEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions.
Kindly check my older shared stock results on my profile to make a firm decision to invest in this.
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Thank you and invest wisely.
Bank Of IndiaSharing my view on Bank of india based on elliott wave theory, where price seems to complete correction phase, but here is the tricky part if price breaks, price will move up.but, if it breaks 137 price level then and then only we can consider the start of wave 5, untill then it will correction uptrend and price can remain sideways.
bank Of India - A 20 - 35% move aheadBank Of India
1. Stock Fallen around 38% from Highs and showing reversal.
2. A very nice R:R near the Order Block.
3. Target is to tap the previous swing high on a Daily Chart. (i.e. 20%)
4. If move further the trade can be carried forward as a multi-gainer.
BANK OF INDIA - ENTRY OF YOU WAITING IN THISEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions.
Kindly check my older shared stock results on my profile to make a firm decision to invest in this.
For any query kindly dm.
Thank you and invest wisely.
multiple catalysts in psubanks there are multiple catalysts for investor and traders interest in psu banks in coming days for one as per my understanding the psu companies will have to keep a dividend payout ratio of above 30% and currently bank of india has a payout ratio of 19.4% and a dividend yield of 2.72% and if applied the regulation of 30% dividend payout ratio then the yield will be around 4% on current profits which I expect to increase that's a view point and other than 155 is the current book value so it is a undervalued stock and a head and head shoulder is in the making and there is good support at 88/90 levels and 76 levels also my view on bank india is of investment and a value buy at this point I am ready to wait and add more if given any opportunity NSE:BANKINDIA NSE:UNIONBANK
A technical trade monthly TFA breakout and retest trade....price broken almost 5 yrs consolidation and retesed the support...if price closes below 102 chart structure will become weak....long term targets 157 and 197....only for educational purposes and not any recommendation..
BOI- Self Anlaysis 320 conceptBOI- Self Anlaysis 320 concept
1) Good Inverted HSH
2) Retest done
3) Lets see 3x
Bank of India - buying zonesAfter a very good rally few months back, this back is back to demand zones for medium term investors/traders. This retracement lead to some cool off as well.
Relative Strength (Not RSI)For a serious trader Relative Strength (Not RSI) is a very important component. A careful study of RS will tell you your are on which stage.
There are 4 stages in a stock's life Stage:
Stage 1 - This is the stage of consolidation, usually happens at bottom after a fall.
Stage 2 - This when stock breaks out from Stage 1 and price moves away from stage 1.
Stage 3 - This is again a consolidation phase but this will be at top or after stage 2.
Stage 4 - This is the break down of stage 3 and price falls quickly .
As a Trader we usually enter at Stage 2 to go long or Stage 4 to either book out our stock or to short a stock.
Relative Strength or RS is a stocks performance against bench mark index. This tool is freely available in TV community. Which is a great tool to take or avoid a trade.
In this case RS is in red or falling which means the stock is under performing bench mark index NIFTY500. Now look the chart, stock is in consolidation after a up move. So RS is advising us against any further buy a stock is underperforming even though moved up and rightly so the eventual broken down.
Bank of IndiaBank of India stock was corrected after making a high in April-2024 and from May-2024 making a base. Now from the last 3 trading sessions, it is comparatively performing better than other banking stocks. After making a base, stock is now ready for its upward journey. Buy Near 121 with a stop loss 116.5 for Target 134 in next 1-2 Months.
Technical picksDISCLAIMER
it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
✅Here we provide TECHNICAL Levels and Charts.💯
✅This channel is for educational and self analysis purposes only!
buy at zone - swing pickENTRY
- line marked is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236
- TGT 2 - 0.382
- TGT 3 - 0.5 ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
lapu star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
BANKINDIA Looks like a Multiple Breakouts .
Rounding bottom , Range Breakout .
Price Consolidated for a long time.
Above all Key EMA.
Good for Short term.
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Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Bank of India - Finally this guy is looking strong with multipleBank of India - Finally this guy is looking strong with multiple bullish structures
1. Rounding Bottom BO already done above 118 but price went into consolidation mode ever since
2. After BO, price started following Parallel channel and travelled from One shore to Other Shore - Flat for 4 months since Jan 2024
3. Now, the boat has touched the other side of river bank and strong 11% jump after that
4. Also in the past 4 weeks, price has formed a Bullish Continuation Candlestick pattern - 2 Black crows pattern
The last and final resistance to be broken is 152. Once above 152 WCB, price would fly to 165, 195, 225
Disclaimer:
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Triple Bottom Breakout - Keep An Eye - BANKINDIA📊 Script: BANKINDIA
📊 Sector: Banks
📊 Industry: Banks - Public Sector
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Bottom on daily chart.
📈 Stock was facing resistance at 149 level, today it has given breakout and closed at 150, keep an eye on stock it may give good rally.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 150
🟢 Target 🎯🏆 - 161
⚠️ Stoploss ☠️🚫 - 144
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Half "U" patterntook entry based on "U" pattern right now in the half the way to complete the "U" shape,
