Bank 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...
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.
Hi 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...
Sometimes 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...
