Story development: Bandhan Bank is recovering from its most recent low of 200, making it more appealing to buy the company because there is very little downside.
Why stay so long?
1 - The MACD Indices changed to the better.
2 -Stock is above the 200 EMA.
3 - The risk to reward ratio is high.
When to go long ?
If the stock breaches the 235 trend line, add a small position with 230 as the stop loss. Once it passes 240 with SL 235, increase the volume.
I am not a SEBI-registered adviser.Before engaging in any trading, kindly consult your financial advisor. For interesting updates, do subscribe to my channel.
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade