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Bandhanbank

Trade setup for Bandhan BankToday Bandhan Bank should have rallied higher, but after a rally on 5 min chart, it consolidated for the rest of the day, meaning the volatility contracted, creating another narrow range candle, which is a second one in the past 2 days. I am expecting a huge rally in Bandhan Bank, either bullish or bearish rally. Seeing a breakout from the downward resistance trendline, I am expecting it to rally towards the upside, after consolidating in a small range in today's session. Using the NR7, I had selected two other stocks, IndiaBullHsgFin and TataMotors, which gave nice rally. IBULHSGFIN gave 3-4% rally in the first 3-4 5 min candles after which it began to fall whereas TataMotors was able to climb up and stay near the highs. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:BANDHANBNK
by inteliigentrader
Bandhan bank is at Weekly BO level.On all Charts bandhan bank is on bullish trend. Since last 5 weeks stock is making higher highs on weekly trend. Also on daily TF the stock is forming higher highs except small pull backs. stock is in uptrend & trading above the 50 EMA level. Now above the level of 380 stock can be taken for long entry for the target price of 425. After the 435 we can see more strength in the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BANDHANBNKLong
by Tech_stock_trader
Science Backed by Data[Bandhan Bank]: Target 326BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 342-345 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation. This looks good setup for short term futures trade. Pls support with likes on the idea.
NSE:BANDHANBNKShort
by SiddRidd
Bandhan bank to be taken for short entry. We can see clearly bearish trend in all TFs on the charts of Bandhan bank . Now on daily chart we have seen the shooting star candle at a very high resistance zone. So this will increase the probability that trade will work in our side. For tomorrow at any pull back try to take the short entry for the next target level of 260 . once the support area break down at the level of 258 than next target between 250-245 for the stock. In case any major gap down be cautious. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
NSE:BANDHANBNKShort
by Tech_stock_trader