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.
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!
BANK OF INDIANSE:BANKINDIA
THE RELIANCE DEAL WITH FUTURE RETAIL IS GONNA BE A BREATHER FOR BANK OF INDIA
ONCE IT CROSSES 54 AND SUSTAINS, ITS GONNA HIT 59. IF CLOSES AND SUSTAINS ABOVE 59, 66 IS WHAT IT CAN TRY TO BREACH
CAUTION - IT MIGHT GAP UP
*************************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************