Bandhanbank
BANDHAN BANK IS ALL SET FOR BREAKOUT A CUP AND HANDLE PATTERN HAE BEEN FORMED IN DAILY AS WELL AS WEEKLY CHART OF BANDHAN BANK. AS PER MY VIEW, NEEE TO ACCUMULATE IT IN THE RANGE OF 325 TO 340 WITH A MINIMUM TARGET OF 400 AND IF SUSTAINS ABOVE IT, CANN MOVE MORE UPWARDS. THE SL IN THIS CASE CAN BE KEPT AT 310 TO 315 LEVELS ON CLOSING BASIS.
ONE CAN ALSO BUY A CALL OF 400 DECEMBER SERIES, CMP IS 7.5, IF EVERYTHING GOES FINE IT CAN ACHIEVE A TARGET OF 20 TO 25 RS.
BANDHAN BANKIt 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.
Bandhan bank : Inverted H&S breakout retestingIHNS Breakout and retesting
Formed Bullish engulfing at neckline
above 200 dma
If sustains above 346 First hurdle around 365
if crosses that target is 400
(as per HNS as well)
SL 320
Sustainance above 345 is very imp as per fibo golden ratio
Note : This idea is only for learning purpose.
BANDHAN BANK(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade 🤔 :- Head & Shoulders Pattern , Bullish Banknifty , Above 200DMA , Global Market Bullish.
Entry :- 334 (Only Enter After Clear Breakout Or Opening Above Trendline).
Stop Loss :- 313
Targets :- 1st= 365 | 2nd= 395
(Risk Must Be Managed.)
Keep Your Eyes On Index
😜Follow For More ✔
Give Me A Thumbs Up...👍
--Any Suggestions--
Bandhan Bank StrategyIn the previous post what was manifested happened the same. Now what?
1) If price takes out 8th Oct 2020 low in 15mins time frame the target will be S1.
2) If price takes out S1 in 15mins times frame then Target will be S2.
3) If the price holds S2 & buying setup forms in candlesticks then the price will see an upside move till T1.
4) If price takes out T1 in 1Hr time frame then the target will be T2.
This is a BUY on dips market so identify on which dip you should buy.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!