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.
Bankofindia
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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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.
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Bank of India #BankBank of India is in downtrend from 2011. Recently it broke the trendline which is also the breakout of the falling wedge pattern . There is a small hurdle which we can see clearly on weekly time frame once it break & sustain that we might see a good move in this stock. Please consult your financial advisor before making any investment its only for educational purpose not any stock recommendation
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.
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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