3. Bank of India – Momentum Breakout Candidate
Trend Analysis
HTF Demand: 86–121
MTF Demand: 124–129
ITF Demand: 122–124
Multiple demand zones clustered together, creating a strong base.
Key Levels
Entry-1: 137
Entry-2: 124
Average Entry: 131
SL: 111
Target: 205
Monthly & Weekly Breakout Level: 158
Trade Quality
Risk: 20 points
Reward: 68 points
RR Ratio: 3.4
Net RR: 3.29
Capital Projection
Net Profit Potential: ~₹3.24 lakh
Net Loss Potential: ~₹1.02 lakh
Conclusion
Strong accumulation pattern.
A decisive move above 158 can trigger momentum toward 205.
Suitable for medium-term positional trading.
Trend Analysis
HTF Demand: 86–121
MTF Demand: 124–129
ITF Demand: 122–124
Multiple demand zones clustered together, creating a strong base.
Key Levels
Entry-1: 137
Entry-2: 124
Average Entry: 131
SL: 111
Target: 205
Monthly & Weekly Breakout Level: 158
Trade Quality
Risk: 20 points
Reward: 68 points
RR Ratio: 3.4
Net RR: 3.29
Capital Projection
Net Profit Potential: ~₹3.24 lakh
Net Loss Potential: ~₹1.02 lakh
Conclusion
Strong accumulation pattern.
A decisive move above 158 can trigger momentum toward 205.
Suitable for medium-term positional trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.