Bandhan Bank -Potential Breakout in Progress (Upside Target-430)

Jun 21

I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later.

No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell.

Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier)
Such patterns swiftly move towards its starting point. In this case it is 430

From WaveTalks
Abhishek