Current price is within 1.5% of One Month Low of 66.7 touched on 22-Jan-20.
As Per ADX, stock is not trending with ADX of 12.7216 and is not trending for 30 Days
As Per Chaikin Money Flow, stock has Strong Selling pressure with CMF = -0.0874698. Strong Selling pressure is for 6 Days
Stock of Bank of India has formed Support (trend line) with dates 20/01/2020, 10/12/2019, 13/11/2019, on daily Charts. Highest point touched during this period is 77.4.Support line still holds good. Stock price : 67.7 is hovering just above Support price of 67.05. If other indicators are supportive then a long position (Buy) may be taken.
Chart of Bank of India has formed Pattern - TRIANGLE_DESCENDING. Validity of this pattern is atleast for duration : 18/11/2019 to 24/01/2020 This formation is first detected on 21/01/2020. and as per our algorithm it is still valid till 24/01/2020.
Stock of Bank of India has formed Support (trend line) with dates 20/01/2020, 08/01/2020, 10/12/2019, on daily Charts. Highest point touched during this period is 71.8.Support line still holds good. Stock price : 67.7 is hovering just above Support price of 67.05. If other indicators are supportive then a long position (Buy) may be taken.
Stocks CCI is rising above oversold range after staying in oversold for 4 days, 1 Days back.
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Share Price History of Bank of India
Date
Open
High
Low
Close
Volume
24-Jan-20
67.65
68.35
67.25
67.70
1160 K
23-Jan-20
67.25
68.20
67.05
67.55
1465 K
22-Jan-20
67.60
67.80
66.70
67.45
1081 K
21-Jan-20
66.80
67.75
66.70
67.35
1239 K
20-Jan-20
69.10
69.45
66.75
67.05
2130 K
17-Jan-20
68.90
69.60
68.30
68.85
1423 K
16-Jan-20
69.00
69.60
68.70
69.10
1517 K
15-Jan-20
68.60
69.50
68.30
69.15
1320 K
14-Jan-20
68.80
69.20
68.30
68.85
1505 K
13-Jan-20
68.70
69.45
68.20
68.85
1384 K
About Bank of India Limited
Bank of India Limited provides various banking products and services. It operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. The company accepts various deposit products, such as savings, current, salary, term, and tax saving deposits. It also offers home, education, vidya, vehicle, personal, pensioner, holiday, top-up, and demand/term loans, as well as loan for Pradhan Mantri Awas Yojana and against property; housing loans to NRIs/PIOs; overdraft against securities; loans against FCNR deposits; and loans for corporate and MSME customers. In addition, the company provides cash management services; trade finance; online share trading services; insurance products and services; mutual fund products; portfolio management services; credit, debit, and prepaid cards; and remittance, online banking and payment, online income tax return, and ATM and other kiosk services, as well as cards, loans, and services to rural customers. As of March 31, 2019, it operated 5,092 branches in India; and 54 branches and 2 representative offices internationally. The company was founded in 1906 and is headquartered in Mumbai, India. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
We are working on fundamental strength also. Please share your views to help shape up the requirement.
( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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