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.
#BANDHANBANK if cross the range & close above 323, go for long with SL 310 close.
The 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...
- Banking sector looking week - Bearish divergence in Daily TF
All levels are mentioned in the chart. Note: This is for eduational purpose only.
Experimenting 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...
The chart is self-explanatory. Do comment and let me know what u think of. Will it bounce back or fall ?
Bandhan 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 :) )
Let Bandhan Bank Break Channel.
Near To Breakout.. RSI Brekout on Daily Candle BUY Bandhanband After breakout.. Currenly new to breakout. Watch Closely.. Will Update same after breakout also.. BUY for Target 375/415 with Stop loss of 269 on closing basis. Above 280 stock in Uptrend..