we are looking BANKINDIA in bullish move.
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In the BankIndia chart a lots of things happened
1. Recently formed double bottom pattern
2. Cross 200EMA at daily time frame.
3. Cross 50EMA at daily time frame.
Target
1.First target will be : 84.5
2. second will be : 97
3. If we talk about 2-3 month time period this share has potential to cross about 120-125
Bandhan bank share made a significant price action by re-testing important support of two years, which is now a resistance. But now is not a good time for shorting (future) as it has now fallen 15% already in just three sessions. Wait for a pause - a small and volatile green candle. When the low of that candle breaks, that's the time to short for a target of 155...
High Probability - Pullback from Trendline / FIB level
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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...
Triangle pattern breakout retest and today it's boomed... Targets mentioned on chart.. Short term target 80 and long term target is 110 measured as per previous pole length..
