Experimenting with Bollinger Bands
here. We can see that price has closed above the UB and the bands have started to expand. With RSI
just under 60 and price a smudge under 50DMA, NSE:BANDHANBNK
could be a good momentum pick. Tomorrow's price action might validate the idea and give confirmation.
Given that this trade is based on momentum, an SL below today's low seems fair, with T1 being 334 and T2 being 351. Important to note the hurdle at 324.
Note: I already hold Bandhan Bank
so my view may be biased.