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jayaprakash99

BANDHANBANK respecting 200EMA

Short
BANDHAN BANK LTD (NSE:BANDHANBNK)  
jayaprakash99  
NSE:BANDHANBNK   BANDHAN BANK LTD
Support and Resistance Moving Averages Supply and Demand bandhanbank NIFTY 200ema-rejection exponentialmovingaverage
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supportandresistance movingaverage supplyanddemand bandhanbank nifty 200ema-rejection exponentialmovingaverage
BANDHANBANK is respecting the 200EMA from the last year. It has taken Support multiple times and been resisted as well during the same period. Recently it broke the EMA level, after which it has dive further. It seems it has retested the levels once again, which indicates it may continue to dive further for the next few trading sessions before it can bounce back from the previous swing low.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading.
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