It has given a breakout in daily time frame suggesting further upside till weekly resistance at 370 then 390. Negation for this view would be below hourly Kijun at 340.
Ichimoku is a Japanese origin study based on a cluster of specific Moving Averages corelating Price and Time of a trend.
1) previous years chart shows that the the shares are in bearish mood.
2) The recent time support is at 294 points and looks as a good support.
3) the share has started to bounce from this support level and continues up to 350 level.
4) good to hold and try to buy in the dips.
5) buy at 294 for long term.
Disclaimer note: this is only for study and...
BANDHANBNK was in my radar from last three days, since yellow trendline was tested by many times hence it became weaker. Today morning when price crossed pink line which was yesterday high, i entered into the trade 276.45 with SL 266 below the yellow trendline and keeping the momentum in my mind because of expiry day I took R:R 1:1. and booked my profit at...