Bandhan Bank Target 112 ?

I was going through weekly chart of all fno stocks. Just finished A and started with B. Of course, Bandhan Bank flashed.

So, while Daily chart was not so convincing at a pattern, there is a clean head and shoulder pattern identified.

When the share came it made a large HNS pattern then then if you see I have marked the fall. Now Bandhan Bank is looking like ready for a major fall. Fundamentally, Gross NPA is at almost 8.2% as of June 2021. Promoter holding has gone down quite significantly from 83% in Sep 2018 to almost 40% in June 2021.

One can place a reminder to buy large quantities of this share once share goes below 150 - 125 level.

*I am a newbie trader with only 2 years of stock market knowledge. Please trade / invest your money in stock market on advice of a registered stock market advisor. This is only for educational purposes.


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