Averoy_Apoorv_Analysis

#6 Live Trade Bandhan Bank 1L invested - Swing trade

Long
NSE:BANDHANBNK   BANDHAN BANK LTD
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis

✺--------------------LOGIC of the trade----------------------------- ✺

✣A falling wedge type pattern = bullish consolidation
✣That too on D chart = great returns in short term = swing trading
✣yellow lines BO = contraction pattern got broken and a good move out of it
✣Double pattern BO


✺----------------------- Plan of the trade---------------------------- ✺

✣Long at current levels with a risk of 6 to 7%
✣Targets can be 7% to 25% from here

✺--------------------------- Motivational and psychological area ✺

✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)


✺------------------------------------ Some info-------------------------- ✺

➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<< Thank You Have a Nice Trading Day >>>>>>
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Comments

umm it may comedown to test trendline ???
+1 Reply
@r-ya, It might bro, might also go north hitting the first target, 7% risk and 7% reward got activated here, that's why I entered :)
Reply
r-ya Averoy_Apoorv_Analysis
@Averoy_Apoorv_Analysis, Best of luck bro !! :) :)
+1 Reply
All the best for this trade!
+1 Reply
@Omsai1238, Thanks bro
Reply