Bank of India - 5 years resistance breakout
The stock given long term resistance breakout and aptly retested that level with volume.
FII and DII increased their stake in Q3FY24.
Daily Chart
✅the stock was facing rejection from trendline and remained range bound for a month between 110-120.
✅after the month of consolidation, price given breakout aptly supported by volume.
✅price above key moving average and key support at 200 ema
Stop Loss below Rs 103; Target Rs 188
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
FII and DII increased their stake in Q3FY24.
Daily Chart
✅the stock was facing rejection from trendline and remained range bound for a month between 110-120.
✅after the month of consolidation, price given breakout aptly supported by volume.
✅price above key moving average and key support at 200 ema
Stop Loss below Rs 103; Target Rs 188
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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