Bandhanbank
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.
Bandhan Bank - Long Bandhan Bank - Chart Analysis
Buy zone; 289-279
Upside Targets: 309, 329, 350, 373
Support Levels: 250 225
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Bandhan Bank (NSE Cash)Bandhan Bank may show a reversal. Doji (reversal) was made yesterday followed by a green confirmation candle today in the daily charts. I am not sure about the entry for traders but investors (short to medium) can go long.
LTP: 295.95
Support: 285.00
Resistance: 315.60 / 324.30 / 336.55
***Buy for medium term target of 335+
Bandhan Bank Looks BearishIt looks like Bandhan Bank will seek lower levels in the near term. From January it started falling from an intermediate high of around 420 levels to 300 levels. Then it consolidated in the band of 320 – 360 for about 10 weeks. Now it has resumed its downward movement. It has broken an important long-term support trend line, in spite of Bank Nifty being strong in the last couple of trading sessions. Important indicators indicate a clear downward bias for the stock. Can be shorted for targets of 300, 280 and 250.
Consider this as an educational idea for follow-up, and not as an investment / trading suggestion.