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.
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.
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