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psumita108
Jun 23, 2021 5:47 PM

Bandhan bank- retesting the new supporting line. Long

BANDHAN BANK LTDNSE

Description

There was a breakout on the weekly chart with volume confirming the movement. If you look at daily chart it shows that there is a retest that is witnessed and it is likely to move +ve tomorrow as there was a MACD divergence was noted on 3hr chart with doge candlestick formed at the new support line.

If you want to buy than this is the right time it's just that the opening of the day should be above or equal to the open on previous bearish candlestick on daily chart. Do apply the requisite SL to avoid any sort of uncertainty. SL can be below the no trading zone.

more details will be updated soon.

Trade active

As it is clearly visible that the script took the support from the no trading zone i.e new support zone. This is the benefit of studying multiple time-frame and also behavior of herd just by looking at every single candlestick.
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