Is Bandhan Bank Bottoming Out?

May 13, 2024

It's not easy to identify wave 2 when it is still forming. However, attempting to find its low gives an excellent opportunity w.r.t to Risk Reward.

How do we plan our strategy?

We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through Candlesticks, GAP, PA, Breakouts which matches the personality of wave 3

The above analysis & Strategy is only for Educational Purpose

Jun 8, 2024

Note

It seems that the second wave of the forthcoming impulse concluded last week. This has the potential to lead to a substantial rally as the third wave, with the possibility of observing an uptick to the 252 levels. The significance of the 169 low cannot be overstated, and it should be regarded as a strict stop loss.

Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise

Jul 29, 2024

Note

The 3rd wave seems to have started in Bandhan bank, displaying typical characteristics of such a wave.

1. There was a gap up and the gap was not filled back.
2. A sharp rise was observed, with a movement of nearly 13% in a single day.
3. The volume was notably high, approximately 5 times the average volume.

This indicates a promising rally ahead. It is important to monitor the unfilled gap, ensuring it does not get filled immediately or in the near future.