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Bandhanbank

Bandhan Bank (NSE Cash)Bandhan Bank (NSE Cash) LTP: 337.95 Support: 335.05 Resistance: 344.75 / 349.90 / 357.70 Market cap: 529.649B Vol: 2.21M Rel vol: 0.28 Avg vol: 10.191M Float: 681.681M ***Technical data looks good Daily charts (long term) The charts are in an uptrend. 20 DEMA is below 100 DEMA but there is a reversal. MACD is showing a bullish reversal in the bear zone so we will consider it as neutral. RSI has crossed the 50 mark and is trading in the bull zone. ***Bullish chart Hourly charts (medium term) An awesome green candle with momentum. 20 DEMA has crossed the 100 DEMA which is a bullish signal. Volumes are in green which again is good. MACD is in the bullish zone with a bullish pattern. RSI is above the 70 mark. We can see a bull run once it crosses and sustain above the 80 mark. ***Bullish chart 15m charts (short term) Beautiful high top high bottom formation of candles. DEMA is aligned. Volumes are good. MACD is in a sharp uptrend. RSI is closing the 70 levels which is a strong sign as well. ***Buy for short term targets of 345 / 355
NSE:BANDHANBNKLong
by virralthakkaar
BANDHANBANK - Long (For a med term investment )Can we expect a reversal? I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the position. Will see, nothing specific - just a good pattern and entry with a small SL.. :) Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser. This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
NSE:BANDHANBNKLong
by theTradingSailor
Bandhan Bank Chart AnalysisDouble Top Pattern 1. Double Top Pattern is a Trend Reversal Pattern. 2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend. 3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique. 4. Target would have been the Height of the Double Top Pattern or 2R. Ascending Triangle Pattern 1. Ascending Triangle Pattern is a Trend Continuation Pattern and should be identified in an Uptrend. 2. Similarly, Descending Triangle Pattern is also a Continuation Pattern and should be identified in a Downtrend. Bandhan Bank is forming an Ascending Triangle Pattern in a downtrend. Is it still valid to trade this pattern?. Nonetheless, the fact here is that the buyers seem to be in control forming higher lows and if the resistance of 350 is broken we can go for a long trade with a target of 380 (confirmation line of the double top pattern) or 400 (width of the base of the triangle). But it all depends on how the stock behaves at the breakout or breakdown.
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NSE:BANDHANBNK
by arunkrmishra2000
44