Bandhan Bank Short Term Trade
Updated
The level around 234.4 (yellow horizontal line) is an important resistance ,
In May and June it was a Strong Support and in July and August it turned into resistance,
Currently , there has been a breakout through this level,
On Shorter time frame there is also inverted head and shoulder , neckline being the same level.
The breakout candle has negligible wicks and is supported with good volume.
Thus, there is a short term trade tgt is 245, sl is 231
In May and June it was a Strong Support and in July and August it turned into resistance,
Currently , there has been a breakout through this level,
On Shorter time frame there is also inverted head and shoulder , neckline being the same level.
The breakout candle has negligible wicks and is supported with good volume.
Thus, there is a short term trade tgt is 245, sl is 231
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.