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BANK OF INDIABANK OF INDIABANK OF INDIA

BANK OF INDIA

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BANKINDIA trade ideas

Buy BANK OF INDIA @ 110 with Target 180 and SL @ 85NSE:BANKINDIA There is a good investment opportunity at BANKINDI where the stock is reversing its trend by forming a W pattern or double bottom in weekly chart. There is strong resistance at 100 and when there is a break out, the stock can be bought at 110. There is incremental sign in RSI and PSAR indicators. With a timeline of 6 months to 1 year the stock has the potential to yield a return of 60% to 70% with a risk if 25%. Plan the investment considering the risk and not the returns.
NSE:BANKINDIALong
by karthik0712
BANKINDIA | Nice Pullback from Trendline and FIB level High Probability - Pullback from Trendline / FIB level ------------------------------------------------------------------ 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.
NSE:BANKINDIALong
by rkvsenthil
1