Detailed analysis given on the chart NSE:BANDHANBNK
Now Bearish Engulfing Pattern create on daily chart sell bandhan bank at 293.45 And hold it for 277.65 with stoploss 302.35
Buy @293, SL-290, TGT-298 Sell @289, SL-292, TGT-284
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...
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
Reversal from Strong support line in Bandhan bank..
(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...
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 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.
Key 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...
I see the breakout done on 15mins chart, with good volume support. Should move up tomorrow (8.7.2021)
Small down side and broader up side...
Wyckoff accumulation Go long @ CMP T1= 472 T2= 524
Stock 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 chart analysis for intraday and swing trading
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
✺----------------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...
Currently 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.