Bank of China – Market cap: $207.11 Billion USD
If you are watching my analysis every day, you will understand how I am making blogs for you by doing analysis. You simply try to understand the levels. You will definitely see one thing that the previous blog that I made.
Things were related to China Construction Bank, today’s particular blog that I am going to tell you about Bank of China. In the particular chart you’ll see similarities, that I’m going to show in many ways. Bank of China shows to learn for good investors, wants to create a very good trend understanding. You used to have your own powers. I don’t want you to need me every day.
Bank of China Important Levels:
I simply want you to learn from Bank of China chart, implement your base in it and understand the process. You can understand and use it better, so for that you should do paper trading. Investment should be done so that you have confidence to work in the market.
So let’s understand where the Bank of China can find resistance first. And which levels the Bank of China is giving a lot of value to. So if we simply understand the Bank of China. There are certain levels within which the market had resistance in 2008.
And after that if we go further, then once again if we understand the recent times, then in the recent times in 2015. Also the market had reached such a certain level and it could not break it further upwards. That certain level is between 5.35 to 5.9. And when that particular level was broken down in the market at 5.53.
When the Bank of China went down a little, after that the market could not reach there again and could not recover till then. This time the market tried to recover from 5.53. And then the market went up to 5.84. But it could not stop there either and again it gave a closing day below 5.3.
Chart Factors in mind:
Now the important thing is that whether the Bank of China will move up from such a level which is very important for us to understand.
So definitely both these levels are very important 5.56 and 5.84. If the Bank of China sustain above then it can go up to 6.25 and 6.85 from where it had fallen in 2008. The important thing is whether the literary market can go up immediately. So I will tell that running the market is not in our hands, working within the market is in our hands. We can understand it, we can give our best in it and can work according to the support and resistance.
So where will you get the support below in the market, it will be found around 4.8 and 5.2. Because here a lot of time Bank of China spent at this particular level from April to April 2024. Till December 2024, a good time was spent that particular time to cross both these levels. So the important thing is that if the Bank of China comes here. Then you can definitely get very good support here. And after that I have already told you the target of upset which can be up to 6.25 and 6.85. I hope my small analysis has been very fruitful for you.
Point to Understand:
You must have understood it a lot and if you understand it again and again. If you read these things well, then you will understand that working in the market is not difficult.
But it is very important to have patience in the market. And in the market it is a game of patience, consistency is a game. Secondly there is another thing that you should do paper trading, paper investment, which makes the task easy for you people and you people do a very good job in the market, stay tuned, in the next block I will try my best to bring even better analysis for you.
You can also check the certain charts at: China Construction Bank
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