Bandhanbank
SHORT for BANDHAN BANK hey guys ,
this is my first analyze for shorting a stock
BANDHAN BANK stock was moving in a fixed uptrend ,
misfortunately , this stock has broke its support area ,
and now this stock has retested ,
AND THERE ARE MANY REASONS TO SHORT THIS STOCK ,
1. A GREAT RED CANDLE IS MADE AFTER RETESTING .
2. EVENING STAR HAS BEEN MADE , which gives us confidence to SHORT THIS STOCK .
3. A BEARISH ENGULFING CANDLE has been made , which tells us to SHORT THIS STOCK .
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS .
1. INFLATION
2. WAR
3. RISING BANK RATES
4. RISING CRUDE OIL EXPORT DUTIES
FROM MY OPINION ,
YOU CAN SET YOUR TARGET AT
RS-229.55
and you can earn upto
15.50% RETURN .
and guys , if u liked my analyze
then pls
COMMENT
LIKE
AND FOLLOW
BANDHANBANK - Intraday levelsRefer the cart well
On the higher side a triple top kind off patter has been formed so a buy above these levels should give you a good move.
While on the lower side the stock has tried to break the levels of 330 but received a rejection by the buyers, hence a sell below this level is recommended.
Idfc bandhan bankNSE
After breakout above 31, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 31 level.
Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity.
Always keep your stop-loss defined
before you initiate a trade.
Note: This is a personal analysis of a scrip, not a buy/sell recommendation
Bandhanbank Weekly Falling channel BOA beautiful falling channel in weekly has formed.
earlier there was an attempt to break the channel. It failed.
Tested the trendline again. Now it broke.
Probable breakout on verge.
On positional basis can be longed above 340 for the target of 370/400 with a SL of 325
#Breakout Bandhan Bank Trading At very Important Zone .Bandhan Bank Trading At very Important Level.
As you can See Feb to march Bandhan Bank traded at same level but at that time look at the context .
At that time price consolidated at that Level and goes completely Sideways but now the scenario is very different , look at the context now it making Higher high at the Breakout Level with more Volume than Usual.
which tells is something is happening Silently . Big players initiated Buying at this Level .
If you have any Question feel free to ask .