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
I will buy BANDHANBNK because :
It has been taking support at the trend line .
It has touched the trend line 3 times and has not been able to break it.
It is also forming a inverted head and shoulder pattern.
So will be looking at buying opportunities.
Entry : 325
Target : 405/410
Stop loss : 295
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
In 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...
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...
The 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