technical analysis - points to be bullish on Bandhan Bank. 1. Bandhan bank was in downtrend for many weeks gives a fake breakout once , but gives pullback again. 2. for more confirmation, at 1 hour time frame- confirmation that the current breakout is not fake, downtrend breaks & retested results in ready to move up. 3. on weekly chart, shows bullish divergence. 4. bank nifty is corrected very well for now, we can start to accumulate some banking sector stock from now onwards, one can bet for Bandhan Bank as swing as well as long trade. this study is for educational purpose only.
@jai57443, it depends on how much you are ready to hold the stock for long term.buying zones are around 280 , 300 price. their are many fundamentally good banking sector stock recently corrected so u can invest in that also. If u want to average stock now go for it , but on the other side their are better options available in the market just keep eye on that also.