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BANK OF INDIABANK OF INDIABANK OF INDIA

BANK OF INDIA

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BANKINDIA trade ideas

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
BANKINDIA BULLISH BUTTERFLY PATTERNHello Welcome to this analysis about BANKINDIA, we are looking at daily timeframe perspectives. BANKINDIA in recent times heavily decreased with bearishness however it now moved into an oversold condition. BANKINDIA is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BANKINDIA is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BANKINDIA has emerged with this key BULLISH BUTTERFLY PATTERN marked in my chart with the black boundaries. BANKINDIA is near support region which is an important support and also psychological support-mark together with the lower-boundary of the BULLISH BUTTERFLY PATTERN a pullback In this manner, thank you for watching my update-analysis about BANKINDIA and its major BULLISH BUTTERFLY PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:BANKINDIALong
by shanechart