share name : bandhan bank
call type : positional
- share is forming a falling wedge pattern with
morning star on c point and hammer candle on
monthly time frame which shows the buyer
presence in this stock
- we can accumulate this share at this level and
look for the targets of 333 and 367 as per
cypher
- stop loss is 209 for this script
thanks
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
bandhan bank is most likely to give a triangular breakout. as we can see its a classical tri angular pattern. i am holding my positions of bandhan bank. kindly explain your views on my analysis and on this particular stock
Reasons
Triangle Breakout ad retested the same resistance and again going up side with good volume
Entry 311 or cmp
target 425 or 35%
Stoploss : 281 or 10%
RRR ; 1:3.6
NSE:BANDHANBNK
Observations:
1) On daily time, it managed to close above 200DMA. 200DMA is placed at 320.03 level.
Only negative thing is that 50DMA is below 200DMA.
If it managed to sustain above 200DMA then the bullish move will continue.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, if it completes the rounding bottom...
Stock has been making lower highs, but we have 20-50 EMA crossover and rising RSI, indicates the stock can gain upward momentum.
Stock has been in accumulating zone from April 2020 which can be seen in volume. if the stocks breaks levels of 350 we can see upward movement till 400++.
Take long positions carefully.
For Educational purpose only.
Bandhan Bank may show a reversal. Doji (reversal) was made yesterday followed by a green confirmation candle today in the daily charts. I am not sure about the entry for traders but investors (short to medium) can go long.
LTP: 295.95
Support: 285.00
Resistance: 315.60 / 324.30 / 336.55
***Buy for medium term target of 335+
Bandhan Bank (NSE Cash)
LTP: 337.95
Support: 335.05
Resistance: 344.75 / 349.90 / 357.70
Market cap: 529.649B
Vol: 2.21M
Rel vol: 0.28
Avg vol: 10.191M
Float: 681.681M
***Technical data looks good
Daily charts (long term)
The charts are in an uptrend.
20 DEMA is below 100 DEMA but there is a reversal.
MACD is showing a bullish reversal in the bear zone so we...
Double Top Pattern
1. Double Top Pattern is a Trend Reversal Pattern.
2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend.
3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique.
4. Target would have been the Height of the Double Top Pattern or...
![BANDHANBNK: Simple Trade Setup | BANDHAN BANK | 25-10-2021 [INTRADAY]](https://s3.tradingview.com/f/FHDjVpW9_mid.png "Simple Trade Setup | BANDHAN BANK | 25-10-2021 [INTRADAY]")
