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Bandhan Bank target 358 once Cup and Handle formation is complete... Details on the chart.
Im not an expert im just sharing my views on BANDHANBANK for tomorrow Im not responsible for any profit or loss this is not a recommendation
I will buy BANDHANBNK because : It has been taking support at the trend line. It has touched the trend line 4 times and has not been able to break it. So will be looking at buying opportunities. Entry : 313 First Target : 352 Second Target : 400 Stop loss : 290
NSE:BANDHANBNK Hi Traders, Bandhan Bank is moving up with support of trade line. Once it close above 329, a short term higher high and higher low will confirm and you can open new orders based on price action. Stock Analysis * Breaks short term downward trend line. * Around 50% retraction, it start moving up. Buy Level Above 329 Target Level TP1=...
As per my thinking bandhan bank is nearing resistance and a strong uptrend shows the buyers are exhausted and now might begin to sell we may see the reversal lets see this is my view and hope for the best!
It is clear from chart pattern and technical analysis, there is a opportunity in Bandhan bank to go long with a R:R>2 with a high probability setup.
Big Breakout in bandhan bank first target 330 on daily chart
Bandhan good to grab @ around 250 for long run Study technical's before investing.
Stock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term...
#RBLBANK #BANKING #BANKNIFTY #NIFTY50 RBL Bank Ltd. CMP: 182.15 Target: 200 / 250 SL: NA If you like my work, kindly donate. :)
Looks like all the bad news is priced in regarding BFSI, Moratorium, Covid at the 280 levels. Pro otters reluctantly sold the 20% stake at 315 to FII's. Long at the 285 levels.
Looks like a Great set up. Watch or the first hour on 14th Aug and then get into it at the first sign of strength.
Best buying opportunity at 281 Test levels are highlighted i green
Double Bottom can be seen with 2 attempts at breaching the support at 295 resulting in large volume Short Coverings later. Positional - Buy above 305 for 310, 315, 320, 330 with SL at 295 Short below 290 after confirmation of support breach.
RBI's loan restructuring for MSME may have a positive effect on Bandhan Bank's price. ( Or opposite Jumla! but I won't take short trades tomorrow). Positional Ideas: Buy above 308.8 for 313, 315.5, 320, 330 with SL at 303 (I would take these only - explained above) Sell below 295 with for 285 with 5 point trailing SL Quote- Typically a loan restructuring...