BANDHANBNK/mideterm- long term trade
bandhanbank has been on rader for a while now,i can see an potential for good upside in this stock
why-
1.trendline[upper] rejection from year 2020 and has been tested for 4 times.
2.psuindex on monthly chart gives an clearbreakout with large volumes
3.finaly stock has broke the trendline.
3.an strong daily or weekly close above 260 can give more aggresive buying
IMP POINTS
tf-6 months to 15 months or as per target achievables
stoploss- safe traders-210 weekly close
aggresive traders-194 weekly close
target levels as per charts
NOT AN ADVICE TO BUY,DO YOUR OWN ANALYSIS
why-
1.trendline[upper] rejection from year 2020 and has been tested for 4 times.
2.psuindex on monthly chart gives an clearbreakout with large volumes
3.finaly stock has broke the trendline.
3.an strong daily or weekly close above 260 can give more aggresive buying
IMP POINTS
tf-6 months to 15 months or as per target achievables
stoploss- safe traders-210 weekly close
aggresive traders-194 weekly close
target levels as per charts
NOT AN ADVICE TO BUY,DO YOUR OWN ANALYSIS
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