Bandhan Bank Ltd.
Updated
Bandhan Bank has completed its Point 4 of the primary Wave by taking a support at 0.786 Level. A reversal from the point creates a probability towards initiation of Wave 5th .
From the CMP 338 till 321 is a very good accumulation phase. Targets are 360-376-397. Profit booking on finding any reversal signs on these lines is advisable and such signals will be updated in update idea section.
As Bandhan Bank has a low weightage in NIFTY BANK , do not expect it to always move in correlation with the Index.
CHART AND ANALYSIS BY - ADARSH DEY
From the CMP 338 till 321 is a very good accumulation phase. Targets are 360-376-397. Profit booking on finding any reversal signs on these lines is advisable and such signals will be updated in update idea section.
As Bandhan Bank has a low weightage in NIFTY BANK , do not expect it to always move in correlation with the Index.
CHART AND ANALYSIS BY - ADARSH DEY
Note
Momentum has started. Remember Partial profit booking is always your choice not somebody else's.Note
Retested the Buying zone of 321.
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