Buy BANK OF INDIA @ 110 with Target 180 and SL @ 85

13 сент. 2023 г.

BANKINDIA

There is a good investment opportunity at BANKINDI where the stock is reversing its trend by forming a W pattern or double bottom in weekly chart. There is strong resistance at 100 and when there is a break out, the stock can be bought at 110. There is incremental sign in RSI and PSAR indicators.

With a timeline of 6 months to 1 year the stock has the potential to yield a return of 60% to 70% with a risk if 25%. Plan the investment considering the risk and not the returns.

13 сент. 2023 г.

Заметка

Consider entering the trade at Current Market Price of 103 to 105. The stock has given a bullish movement during UK exchange opening time. Wait for the price action till 10 o clock tomorrow. if the stock is in bullish movement by breaking the opening price then that will be a right time to enter the trade.

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