abhi0304

Bandhan Bank: Reasonable Value Buying

Long
NSE:BANDHANBNK   BANDHAN BANK LTD
Bandhan bank has recently tested its 300 Levels of support and bounced back from there.

All levels are mentioned on the chart.
Entry can be done at a support level of 325-330 levels.

DISC: For educational purposes only. Please consult your financial advisor before making any trade.
Trade active: As we have got the perfect entry at 325. This is now ready to fly with indices. Already 11% up since entry price and now trying to hit target 1.
Comment: Target 1 is reached.

Comments

So from a level of 325 to 352 level now. Clean 8% profit till now. Keep it till the upcoming targets.
Reply
big red candle was bearish engulfing ....but there is good support at 328...also there is gap from 323 to 328...I personally fill bandhan would fly after filling that gap....Monday will be interesting
Reply
abhi0304 ajayrocker17
@ajayrocker17, That's the reason I mentioned the entry to be within 325-330 range. 5 points are nothing to worry about in positional trades. Hope you agree.
Reply
Jass_12345 ajayrocker17
On other charts, targets of 400+ are expected..are we saying, Bandhan has again become bearish and would go down to 280-300 levels or a 5 pointer here and there and again would become long for higher target..would appreciate your inputs here
Reply
abhi0304 Jass_12345
@Jass_12345, For me I already have a position since 323 levels and I will hold it either for SL or Target. Let's see in which direction it moves first?
Per me, it will fill up the gap and then move in the right long direction.
Reply
big red candle today - shud fall next session
Reply
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