DoublebassmaniawithPranav

Bandhan Bank Target 112 ?

Short
NSE:BANDHANBNK   BANDHAN BANK LTD
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.

Comments

Something undefined in your chart, after first head and shoulders, it went up 2 times almost double of last shoulder
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thanks for your feedback.
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I have 6QUANTITY @336 what to do ? AERAGE OR EXIT
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@jai57443, average it, 6 is not a big quantity, buy 1 on every dips, it may go 450 in 6 to 8 months
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jai57443 Terminator_1
@Terminator_1, ok thanks🙏
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