Bandhan Bank broke its long term channel and has simply crashed out of the 'long' thesis. However, this might be the last support zone maintaining that 'long position'. Let's track it actively and be careful. Also remember that Microfinance is not Retail Lending Business.
As shown in the picture Bandhan bank will probably break the previous high, retrace or will come back down and then shoot up, Good luck
Can we expect a reversal? I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the...
Bandhan Bank looks really good at these levels for accumulation for long term. The chart is quite self-explanatory. The bank is definitely coming out of a big crisis and one needs to be careful with the situation at hand. The channel should hold and it should be respected.
Date: 23 March 2021 Bandhan bank has given a breakout above resistance line and 20 DEMA. Target and SL given in the chart
If the price comes to 359.30 take a short till 338.30. Then from 338.30 take a buy to all the way up till 419.65
-It has just touched the channel. Upon breakout and close outside the channel, go for long...
Buy and hold Bandhan bank for the long term as it has given a strong multichannel breakout. Book profit whenever it reaches its pre-pandemic level.
To be bought near 350/345 Sl below 340 CLBS Expected Tgt 420
BANDHAN BANK EQUITY Levels...24/03/2021 (D Candle)
sell on rise for the target of recent lows with sl of 350
Very good trade for medium term
Bandhan bank has recently tested its 300 Levels of support and bounced back from there. All levels are mentioned on the chart. Entry can be done at a support level of 325-330 levels. DISC: For educational purposes only. Please consult your financial advisor before making any trade.
MY SHORT TERM VIEW ON BANDHAN BANK Bandhan bank trading at the neckline of the double bottom candle pattern Buy Triggered on SUSTASINED closing above 360 with the stop loss of 346 on closing basis for a Target of 390/400 ****RISK/REWARD=1:2.5
Wait and watch, cross the neutral point and stable then after create the buying position
How to use the technicals to make money ? 1. 300 to 340 can be a good accumulation zone 2. Buying a stock with SL (DCB) of 245 for mid term can fetch good returns 3. Ultimate target is 600+ IMPORTANT : Maximum allocation Risk of 2% of trading capital OR 10% funds of total portfolio funds Whichever is lower
Double Top rejection from 425 level. Ascending triangle nearing completion. Formation of Higher lows. Good support from the trendline. Use appropriate risk-reward ratio. Always use a stop loss. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.