AzrulAzir

Bank of india - Bullish channel up

Long
BSE:BANKINDIA   BANK OF INDIA
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 position (139.80) and aim target at 195.64

Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
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