BANKINDIA trade ideas
Bank of india - Bullish channel upBank of india perform a great bullish run from May last years. After touch fibonacci retracement 50%, BANKINDIA return at major channel up.
RIght now, again BANKINDIA perform small correction from fibonacci 38.2 at resistance channel to support channel around 139.80 with maximal dropdown at fibonacci retracement 23.6
Its a good idea to enter long from that position (139.80) and aim target at 195.64
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Bank of India - Breaking through or Breaking down?Bank of India on the daily charts is at its resistance point - where it has broken down from multiple times earlier. Interested to see what will happen this time.
Bank of India, Bank IndiaHi all,
This entity has open and started below cloud today as well as major 20-50 MA crossover. Wait for it to retrace near 114 level and then short it for good risk reward ratio of 1:2 for first target and 1:3 for a second target.
However, if close below 110 today one can STBT it for immediate first target.
Trade with atleast 2 lots in option and book profit at each target with trailing the rest at breakeven.
Thanks.
Bank of India :(BoI) Bullish Flag on Independence Day :)Detailed description given in Indian version of Tradinview :
Happy Independence Day !
Bank of India - short term trade (1 week)Sell bank of india @CMP for tgt of 108 sl 118...Good Risk Reward..
Bank of India - Buy for long term...Seems to have completed a tripple larger degree correction...Buy on dips is adviced......
BOI : Bullish Bat Pattern (4H) Yet to completeSometimes we tend to miss the obvious when we look out for trades, it happens for everyone.
In this Bank of India (BOI) if we zoom out n look at charts or on daily time frame, we will see a heavy downtrend in BANKINDIA.
Here we got a Bullish Bat formation which is yet to get completed @ D, if that happens we will go long in this trade.
Check your plan & keep this in your radar for coming days...
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Happy Trading !
