Bandhanbank
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.)
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--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!
Bandhan Bank to make new highs??1) On the downside if price takes out S1 in 15mins & then S2 is the target. If S2 is also taken out in 15mins then S3 is the target. If S3 is taken out in 1 Hr time frame then the white dotted line is the target.
2) On the contrary, if the orange line is taken out upside in 15mins then the orange zone is the target and price can reverse back from there if not sustained. Also if price opens above the orange line and sustained above it for 15mins then orange is the target.
3) If the price takes out white & sky blue trendline in 1Hr & 4 Hr time frames then uptrend will begin.
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!
Bank Nifty Supports and resistance.. And bearish patternThe Bank Nifty is making a bearish pattern called head and shoulder pattern, The banks are already weak, the hearing on moretorium will be on 28th September 2020, and it will not totally be in the favour of the banks. The pandamic is not over yet, so this all suggest will test the 21650 levels again and if it breaks will test 20000 levels also