johntradingwick

Bandhan Bank - Rounding bottom + Bullish market structure

Long
NSE:BANDHANBNK   BANDHAN BANK LTD
Key Highlights:

1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Rounding bottom pattern
5. Resistance: 360
6. Support zone: 323-332
7. Target: 371, 394, 423
8. Stop loss: 310

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: SL was hit on this one.

Comments

sir,
can v still hold in long..as today bnf was strong..but still it was lagging to go up..
Reply
johntradingwick tinkupals36
@tinkupals36, Yes, until and unless the stop loss get's hit, keep holding.
Reply
k sir..thank u for ur prompt response..
Reply
johntradingwick tinkupals36
@tinkupals36, No worries, buddy :)
Reply
Hi,

Can you please suggest about its further possible trend?

Thank you
Reply
johntradingwick bandlamudianilkumar
@bandlamudianilkumar, It's in uptrend. Can be entered at CMP with 310 as stop loss.
Reply