Friday, August 28, 2020

Bank Of India ( BANKINDIA) | Share/Stock Price Level Outlook

  

Bank of india

CMP:51


➽ In this article we will discuss recent development in the 
     Bank of India in the Stock Market.

Recent Key Strengths

> Efficient in managing Assets to generate Profits 

>ROA improving since last 2 year

>Growth in Net Profit with increasing Profit Margin (QoQ)

>Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

>Annual Net Profits improving for last 2 years

>Company with Zero Promoter Pledge

>Recent Results : Growth in Operating Profit with increase in operating margins (YoY)

>Strong Momentum: Price above short, medium and long term moving averages

>MACD crossed above signal line previous end of day


Recent Weaknesses

>Declining Revenue every quarter for the past 2 quarters

>Low Piotroski Score : Companies with weak financials

>Declining Net Cash Flow : Companies not able to generate net cash

>Book Value Per Share deteriorating for last 2 years

Bharti Infratel Limited |Swing Trade Opportunity | Share/Stock Price Level Outlook


CN Technical Chart


bank of india, finvestonline.com

>Bank of India after a long fall from the level of 70 in the March 20.

>The stock made base in the bottom and after consolidation started rising upside in a uptrend and currently trading at a price of 51.

>In short term nearest resistance is the level 55 , if stock break 55 and gives closing above it the the next level will be 70 . So long position can be taken till the trend is positive.

>In the mid term if the stock crosses and closed above 70 then the nearest level is 100 and long position can be taken.

>Bank of India is now in uptrend so every correction may be utilized as a buying opportunity.

HDFC LIMITED | Swing Trade Strategy | Share/Stock Price Level Outlook


Recent Annual Results

bank of india, finvestonline.com


> Bank Of India income from interest is increasing significantly for the previous three yearShowing a sign of good improvement 

> Bank income from other sources also raised significantly from the previous 3 year 

>Bank operating profit is also increased continuously for the previous 3 year 

>Bank has also increased provisions and contingency is from the previous year 

> Net profit is also recovering from the losses for the past 3 years


Thanks for your Precious Time.


IndusInd Bank Ltd | INDUSINDBK | Ready For Swing Trade




Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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