Stock can be bought at 295 for immediate target of 345 or 17%.
Stop loss can be put at 278(5.5%).
IDEA behind the trade - Stock is consolidating at the support area with institutions entering silently.
Supporting points - DIIs and FIIs are increasing their stake since last 4 quarters. Price is consolidating above supertrend on weekly timeframe. Also, risk reward ratio is very good for this trade.
Traders can trail and sit tightly for much larger profits of all time high i.e. 700+
Stay connected for further updates on my recent analysis.
BANDHANBNK
Stop loss can be put at 278(5.5%).
IDEA behind the trade - Stock is consolidating at the support area with institutions entering silently.
Supporting points - DIIs and FIIs are increasing their stake since last 4 quarters. Price is consolidating above supertrend on weekly timeframe. Also, risk reward ratio is very good for this trade.
Traders can trail and sit tightly for much larger profits of all time high i.e. 700+
Stay connected for further updates on my recent analysis.
BANDHANBNK
Trade active:
Entry to be taken today around 290.