Bank of India - 5 years resistance breakout

1월 12일

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

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