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
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bandhanbank
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.
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 :) )
Bandhan bank trading zonesTwo trading zone is marked on chart.
If 1st monthly demand zone works then price will not break 276.86 price level. Safe target 570.
If 2st monthly demand zone works then price will not break 195 price level. Safe target 360 & 2nd 570.
Note :- Wait to complete May month candle formation. You can trade this stock on June 1st week if price sustain on zone one.
M Top or Double Top Bandhan BankThe Daily chart in Bandhan Bank shows a clear-cut M Top or Double Top pattern.
Note that it's a trend reversal pattern. As you can see before the M top it was bullish and After the M top it created a bearish Trend.
Let's call the first candle which crosses Neckline as Point B, and the Resistant line as Point A.
when the candle finally crosses the neckline after creating M Top or Double Top draw a line from point A to point B. and place it below the neckline that shows the target.
It's clearly seen that it has given a significant profit of 16%.
BANDHAN BANK BUY!Bandhan Bank LOOKS A NEAT BUY NEAR 292 WITH STOP LOSS BELOW 279 FOR TGT 1 : 305 TGT 2 : 317 TGT 3 :328.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.
This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
🏟 Bandhan bank #banknifty #niftybankNSE:BANDHANBNK
take long trend only if you know how to trade on harmonic and if you know what is reversal. as its quite complicated situan for stock if you know what is reversal then only go for long if find reversal at harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.