BOI- Self Anlaysis 320 conceptBOI- Self Anlaysis 320 concept
1) Good Inverted HSH
2) Retest done
3) Lets see 3x
BANKINDIA trade ideas
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.
Do Like ,Comment , Follow for regular Updates...
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
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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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Half "U" patterntook entry based on "U" pattern right now in the half the way to complete the "U" shape,
BANKINDIA
Bank of India is showing a good Volume Contraction Pattern (VCP). The banking sector is looking more interesting compared to other sectors
BANKINDIA: CHART LOOKS SUPERB!BANK OF INDIA CHART IS LOOKING AMAZING. IT HAS CONSOLIDATED ON THE UPPER RANGE DUING THE FALL ON PSU BANK STOCKS.
One should keep this stock in their watchlist.
Bank India Ready to go upside 1) Set Of Red and Green Engulf Candle
2) Lot of wicks on Down side, which indicates
bullisheness
Ready to break Upside !!
BANKINDIAwe are looking BANKINDIA in bullish move.
Disclaimer:
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Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
🚀💡 Unlocking Profit Potential: Bank of India Analysis RevealedTraders, brace yourselves for an explosive opportunity as we delve into Bank of India's mesmerizing chart dynamics. 📈🔍
🔎 1-Hour Insight: Zooming into the 1-hour timeframe reveals an intriguing narrative—a compelling upward parallel channel that beckons us with promise.
📊 Channel Mastery: Bank of India's price action has gracefully adhered to the confines of this channel, consistently finding support and springing forth with renewed vigor.
💼 Supportive Evidence: As we speak, the stock delicately caresses its support level, a tantalizing hint at the potential upward surge that lies ahead.
💬 Expert Call to Action: While my analysis speaks volumes, I implore you to embark on your own journey of discovery. Explore, analyze, and fortify your convictions before taking the plunge.
🙌 Community Collaboration: Let's foster a culture of shared insight and collective wisdom. Your perspectives enrich our collective understanding and elevate us all to new heights.
Ready yourselves, traders! The journey to profit awaits, and together, we'll seize every opportunity that Bank of India presents. Until our next rendezvous! 🚀📊
Weekly breakout in BOIWeekly breakout in BOI as per the price action, the price already moved 35 % after breakout. Now it is at retrace and move a further high
Perfect Shot in Bank of IndiaI've seen a short ascending triangle pattern on a major support with good volumes also
Bank Of India WEEKLY LONG BANK OF INDIA IS IN UTREND
recently gave a breakout after facing a multiple resistance
its a good stock for a investment
I am targeting 168/ 205 in 2024
Bank Of India Breakout AttemptBOI has attempted a breakout on multiyear levels. Increase in volume throughout the year.
Breakout above the level of 115-119 levels will give new leads to BOI.
Re-Test levels are 107-104
