The stock has been following the support and resistance theory. The earlier support (Price zone from which the Price jumps up multiple times) is turning into Resistance (Price Zone from where the price turns down multiple times) and earlier resistance is turning into Support. The stock has given a weekly chart breakout with good volume and considering the...
bandhan bank inverted flag pattern...tarde only if close below 274-273....otherwise ignore....
sl at 300, can go long , continous higher high, respecting previous day low. Strong support at 300. T1 - 326 T2 - 337 T3 - 348 T4 - 355 350+ sustains weekly closing, may open for 450-500
Hi everyone, Bandhan bank short term swing trade consider buying above 314 target 332 stoploss 304 add more on support between 295-292. LOGIC BEHIND TRADE : Stock given breakout of dynamic trendline resistance and near it`s static resistance 314 on 2hr time frame price structure price is making higher lows it`s bullish sign stock is going upside targets...
technical analysis - points to be bullish on Bandhan Bank. 1. Bandhan bank was in downtrend for many weeks gives a fake breakout once , but gives pullback again. 2. for more confirmation, at 1 hour time frame- confirmation that the current breakout is not fake, downtrend breaks & retested results in ready to move up. 3. on weekly chart, shows bullish...
Reasons Triangle Breakout ad retested the same resistance and again going up side with good volume Entry 311 or cmp target 425 or 35% Stoploss : 281 or 10% RRR ; 1:3.6
NSE:ICICIBANK #ICICIBANK triangle BO Post confirmation may try 780 CE with resistance level as SL. Today levels with results shared, beginners may check for reference. Can reach me directly in case of any queries. Happy Trading !!
Bandhan Bank is Trading Between the demand and supply zone and Falling wedges pattern Look out for the Breakout Levels As I always recommend Our TGTS are Entry and Exit levels and also linear levels and pattern line's are support & resistance kindly use them as Entry & Exit Level Bandhan Bank weekly Levels for 01/11/21 to 05/11/21 buy above 293 TGT-1 295 TGT-2...
BandhanBank after momentum now consolidating with falling wedge pattern and trading above its 50% fibo retracement levels. Showing a good bet for targets of 345-360 with a downside risk of 314 & 310. wait for breakout..
In this post, I have shared Bank Nifty chart. In this chart, we can clearly see there is more leg remaining in Bank Nifty but some minor pullback is expected as inside the bank nifty channel inner channel top is made. So some minor pullback can come but take this pullback as a dip and buy the best banking shares! ICICI ,BANDHAN, RBL MY PICKS
NSE:BANDHANBNK Observations: 1) On daily time, it managed to close above 200DMA. 200DMA is placed at 320.03 level. Only negative thing is that 50DMA is below 200DMA. If it managed to sustain above 200DMA then the bullish move will continue. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, if it completes the rounding bottom...
0.5 and 0.618 in Fibonacci is a golden zone from where price retraces so here Bandhan bank was following a trendline so to predict that pullback we used fib! We plotted Fibonacci from 165 to 423 (uptrend) and if we observe the reaction to our golden zone we can see it is a very important key zone. It broke out of Falling wedge with a nice breakout with good...
This line acts as a strong resistance for this stock, and it doesn't closed above this trend line in its lifetime. It did breached once, But that's a fakeout. Moreover I found similarity between Bandhan bank and RBL bank, Both seems to be moving in accordance with each other. You can have a look at my publication on RBL bank, you can find the link for that in...
=> In weekly time frame, follows falling channel pattern which was now broken and closed strongly above the channel. => Rise in volumes confirms the uptrend => One can Buy this stock on the dips near 336-340 for a targets of 371 and 382.75 respectively by keeping 325 as SL => Levels are marked on the chart for reference. Disclaimer => This is only educational...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
My personal view on Bandhanbank. In weekly time frame it shows a clear breakout after consolidation with high volume. It can deliever good return if the breakout is sustain. NSE:BANDHANBNK
After a long consolidation, this scrips gave a clear breakout in weekly chart, breaking the long time trend line from low.
Good structure with volume spurt Buy at CMP or above 355 SL below 258 Target 430-560 banking sector looking positive Fundamental Market Cap-- ₹ 55,698 Cr. ROCE-- 7.87 % ROE-- 13.5 % Retail holding < 23%