Bandhanbank
Bandhan Bank Trading in a Falling Wedge Pattern.Bandhan Bank Trading in a Falling Wedge Pattern.
Since the inception of this scrip, it has traded/followed the falling wedge pattern. There isn't any incentive to go long until there is a decisive breakout out of this falling wedge pattern. Decisive breakout means breakout out of the channel on upper side (for long), and then another candle confirming breakout on a weekly time frame. Also, you can see it has taken support and rejection from the dotted trendline drawn inside the wedge. If the breakout happens this week followed by a confirmation candle next week, go long. Immediate targets (remember its a weekly time frame) should be 365, 430, and 537.
I do see it breaking out very soon as lot of other indicators are in favor of breakout. But we never trade perceptions or predictions or for that matter opinion, we trade when price action tells us to.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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Bandhan Bank Long at CMP 276/- with SL of just 258/- Bandhan Bank looks too attractive at CMP 276/- for much higher rewards with smaller SL of just 18 points.
Hope this time Bandhan Bank works in favor :D
BANKNIFTY IMPORTARNT LEVELS FOR 12/08/21(POC) if on 12th aug 2021 market opens in a positive(ABOVE POC) then taking the conformation of bullish trend by candlestick we can see a easy rally towards 35959 AND 36252.
if market opens on a flat note avoid taking trade
if market opens in bearish side seeing bearish conformation we can see our target #1 35858 and #2 35758
Disclaimer :- Trading is very risky please analyze the stock by your own and take the trade on your risk. Levels which are provided above are just for a simple idea about the stock and for educational purpose.
BandhanBank : Bachega ya jayega?BandhanBank : Bachega ya jayega?
its trading in major level at weekly chart.
RSI is not supporting price
If it break we may see downside.
For Educational purpose only.
Bandhan Bank - Long above 310 with SL of 299Bandhan Bank looks Wave 2 is finishing and it should soon start with Wave 3 for higher targets of 350-375-400-425.
SL is very small as usual :)
Although my previous two trades of Bandhan Bank have failed, I still count on it, as each trade outcome is independent of previous one.
Let it trade above 310 and it should start as per study.
Bandhan Bank - Rounding bottom + Bullish market structureKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Rounding bottom pattern
5. Resistance: 360
6. Support zone: 323-332
7. Target: 371, 394, 423
8. Stop loss: 310
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
BandhanBank - breakout done with volumesI see the breakout done on 15mins chart, with good volume support. Should move up tomorrow (8.7.2021)
BANDHAN BANK-LONGStock has been making lower highs, but we have 20-50 EMA crossover and rising RSI, indicates the stock can gain upward momentum.
Stock has been in accumulating zone from April 2020 which can be seen in volume. if the stocks breaks levels of 350 we can see upward movement till 400++.
Take long positions carefully.
For Educational purpose only.
Bandhan Bank Broke out of a falling Wedge Pattern.Bandhan Bank Broke out of a falling Wedge Pattern.
Bandhan Bank has been continuously falling from January and has now started to reverse. Can go long but have to wait for a retest to the support Zone at 318-326 or the orange trend line before taking a decision.
Can give a RR of minimum 1:2.4
T1- 364.80
T2- 424
#6 Live Trade Bandhan Bank 1L invested - Swing trade ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺--------------------LOGIC of the trade----------------------------- ✺
✣A falling wedge type pattern = bullish consolidation
✣That too on D chart = great returns in short term = swing trading
✣yellow lines BO = contraction pattern got broken and a good move out of it
✣Double pattern BO
✺----------------------- Plan of the trade---------------------------- ✺
✣Long at current levels with a risk of 6 to 7%
✣Targets can be 7% to 25% from here
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Bandhan Bank | Positional and medium term viewCurrently Tracking- #Bandhanbank
Medium to long term view.
Tight SL at 280 and profit range from 370 t0 420
EMA cross signal.
Note - For educational purpose only.
I don't provide paid calls or stock tips.
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
#BANDHANBANK in Range from last 3 weeks#BANDHANBANK if cross the range & close above 323, go for long with SL 310 close.
Bandhan Bank Short Term Trading Set up 1The Price has been taking constant support from 100 EMA. The structure is already provided for reference along with S&R LEVELS. This will the third attempt in breaking the 325Rs Resistance.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bandhan Bank is shaping up to be a good longExperimenting with Bollinger Bands here. We can see that price has closed above the UB and the bands have started to expand. With RSI just under 60 and price a smudge under 50DMA, NSE:BANDHANBNK could be a good momentum pick. Tomorrow's price action might validate the idea and give confirmation.
Given that this trade is based on momentum, an SL below today's low seems fair, with T1 being 334 and T2 being 351. Important to note the hurdle at 324.
Note: I already hold Bandhan Bank so my view may be biased.
Bandhan Bank - Long or Short ?The chart is self-explanatory. Do comment and let me know what u think of. Will it bounce back or fall ?
Projection with trendline on Bandhan bankBandhan bank it at trendline support level. In this analysis I have also tried to do time factor analysis. Any suggestions for improvement is appreciated. If you like the idea then please gives the thumbs up !!
(Free advice - The longer the chart time frame, the better is the accuracy :) )
