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 Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.