TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
W pattern with trendline BO.
Very near to .5 of Fibbo.
Target of 400 is possible.
Disclaimer - it's only for educational purpose, I have no interest in providing trading call.
Jai Hind! 🇮🇳
We can see clearly bearish trend in all TFs on the charts of Bandhan bank . Now on daily chart we have seen the shooting star candle at a very high resistance zone. So this will increase the probability that trade will work in our side. For tomorrow at any pull back try to take the short entry for the next target level of 260 . once the support area break down...
A breakout from a triangle pattern.... Go Long.... NSE:BANDHANBNK
Buy BANDHAN BANK Above- Rs. 281 for the Target of Rs. 345 - 396...
Stoploss- Rs. 240 .....
Comment your views.....
BANDHANBANK broke the trend line near to it's support can potentially go up but i am not sure about this because of their earning results and so think it can go down ( 75% chance ) to 225 selling point can be 230
BUT I WILL NOT TAKE THIS TRADE AS RISK REWARD NOT THAT GOOD
please tell me you find any error in this and suggest me stocks that i should analyse
At this current level Bandhanbank can be taken for intraday long entry for the target of Rs 250 to 255. As a double top pattern is formed from two consecutive rounding tops can be clearly visible on daily charts. Also tomorrow is the Q4 result for Bandhanbank. So buy above 242 . in case any doubt please message me.