Enter in BANDHANBNK between 300 and 260....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 500,600 and long term above 725 easily......levels are marked........ best buy if goes around 195
Bandhan Bank Q4 Net Profit Falls 80%, Bandhan Bank is not falling because of election rather because their loans are becoming NPA, the loan book mainly consists of MSME unsecured loans and because of the defaults the bank is on the path of becoming the next Yes Bank.
Forget 500, 600 and 725 but your target on the downside can be achievable easily 260 & 195.
sagarchaudhary025
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@mridula28, mam apne shyd result upar se dekha h.......80% fall aya h kuki provision net profit se karib 6 guna jada kia gya h .....wrna easily profit phle se jada hota ........aur bank fail tb krta h jb wo apne provisions aane waale hote h uske hisaab se nhi krte........baki YESBANK k founder ne fraud kia tha wo hm phle se predict nhi kr skte.............management abhi bhi positive h unhone apni commentary mein btaya h aur jitna net profit h usse jada to dividend batenge isi wazah se...........baki mere portfolio mein h to thoda biased ho skta hu..........mere hisaab se herd immunity k baad k atleast 2 quarter dene chaiye
Jass_12345
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A swing trade of 500 from current price is huge, can you pls explain the basis of this. Also, how much holding period you are looking for this trade. Thanks
sagarchaudhary025
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@Jass_12345, my holding period is generally around 2 to 4 quarters or whenever target achieves .......my analysis is basically mix of price action,value investing ,strong conviction on that stock.......Bandhan bank is a good stock.....it mostly focuses on retail segment .......price is just being affected due to election in east side like SUNTV stock .......just wait in it for atleast 2 quarter........and i prefer booking partial profit around 420 if you think 500 is way too far
Jass_12345
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Thanks Sagar. I m also holding fno position from Jan’21 and rolling it forward. However, elections, quarterly results, etc. have bashed the stock. Waiting for it to reach atleast 400. Let’s wait n watch.
sagarchaudhary025
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@Jass_12345, only take future position for short duration like couple of weeks......you should have just bought the stock.....join my telegram so that i keep updating you about BANDHANBNK
Forget 500, 600 and 725 but your target on the downside can be achievable easily 260 & 195.