Hello Traders,
For Short Term trading here is a best stock to next, this stock gives a break out on symmetrical
triangle chart pattern, now you can buy this stock if price touch near 320-325 with a stop loss of 280 and for a target of 400
NSE:BANDHANBNK
1. Almost forming Inverse Head and Shoulder pattern(blue marker)
Strong buy trend in last leg
2. Broke 2 consecutive trend lines(red)
3. Expecting good upward move post US presidential elections
4. Ex CEO Re-Appointed
5. Rise in Advance and Deposits in Sept Quarter and YoY
#bandhanbank above 376 it will give really good momentum as it is consolidating in a range and higher probability for Long since last few days. Below 368 it is weak.
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,...
IHNS 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.
(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
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