The Bandhan bank is looking good at this level and sustaining well above the resistance zone. keep on the radar.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
📊 Pattern: Falling Channel
📌 Symbol/Asset: BANDHAN BANK
🔍 Description:
Stock in Down Trend
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Bandhan bank is continuous downtrend and currently, we can see a bounce from its strong demand zone of around 200 levels.
The stock is forming higher lows in smaller time frame.
Looks like a good swing stock for targets of 250 and above. 235 might also act as a small resistance.
Keep in watchlist. Trade as per your own analysis as this idea is shared only for...
1. Bearish Engulfing Pattern formed at S/R zone.
2. Another Confirmation is 50% Fib Retracement at S/R level that is strong zone than you think.
3. Oh...Come on EMA 150 act as Resistance.
4. Trendline got broken very well by Engulfing Candle.
5. First TP1 level price reached sell half of your stocks there.
6. Move your SL to BE for another TP2 level which you need...
BANDHAN BANK on reversal from its current swing low. If low has done then huge rally pending upside. Stop Loss at swing low/ trend line support levels. Keep watch
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although...
CMP 232 , Target 165 , Looking at the current structure of bandhan bank , expecting to touch 165 . One can trade 200 PE options march expiry or sell futures at CMP
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although...
bandhan bank chart analysis for intraday and swing trading.
trading engineer,intraday trading stocks,intraday trading,baap of chart,intraday trading stocks for today,intraday stocks for 14 feb 2023,best intraday stocks for tomorrow,intraday stocks,intraday stocks for tomorrow,best intraday trading stocks for tomorrow,intraday stocks for 14 february,best stocks for...
It's formed symmetrical triangle in 1 day time frame
Bandhan Bank break this channel with big volume
Any bullish candel show then we are entered this trade
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Bandhan Bank
Time Frame= 1 day
The FASP for Bandhan is listed for 29-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
share name : bandhan bank
call type : positional
- share is forming a falling wedge pattern with
morning star on c point and hammer candle on
monthly time frame which shows the buyer
presence in this stock
- we can accumulate this share at this level and
look for the targets of 333 and 367 as per
cypher
- stop loss is 209 for this script
thanks
