Bandhan Bank : Perfect play of support and resistance theory
The stock has been following the support and resistance theory.
The earlier support (Price zone from which the Price jumps up multiple times) is turning into Resistance (Price Zone from where the price turns down multiple times) and earlier resistance is turning into Support.
The stock has given a weekly chart breakout with good volume and considering the growing economy now a days with lesser covid cases this bank can perform really well.
The risk to reward is highly favorable at this point of time in this small cap sector private bank.
DISC: Please consult your financial advisor before making any bet. This is for educational purposes only.
The earlier support (Price zone from which the Price jumps up multiple times) is turning into Resistance (Price Zone from where the price turns down multiple times) and earlier resistance is turning into Support.
The stock has given a weekly chart breakout with good volume and considering the growing economy now a days with lesser covid cases this bank can perform really well.
The risk to reward is highly favorable at this point of time in this small cap sector private bank.
DISC: Please consult your financial advisor before making any bet. This is for educational purposes only.
Order cancelled:
Stock has never crossed the Weekly high to active entry. Hence the trade is no more valid.
