BUY
resistance line break based buy
above 355-54
range narrowing - ascending triangle
2 rounding patterns
disclaimer - trade @ own risk
Bandhanbank
Bandhan Bank Ltd.Bandhan Bank has completed its Point 4 of the primary Wave by taking a support at 0.786 Level. A reversal from the point creates a probability towards initiation of Wave 5th .
From the CMP 338 till 321 is a very good accumulation phase. Targets are 360-376-397. Profit booking on finding any reversal signs on these lines is advisable and such signals will be updated in update idea section.
As Bandhan Bank has a low weightage in NIFTY BANK , do not expect it to always move in correlation with the Index.
CHART AND ANALYSIS BY - ADARSH DEY
BANDHAN BANK - Hammer at supportNote: This is for educational purpose and do not trade in F&O.
There seems to be a hammer on 200 MA which coincides with 61.8% Fibonacci retracement. There is a loss in momentum on bearish side.
SL: 309₹
BANDHANBANK respecting 200EMABANDHANBANK is respecting the 200EMA from the last year. It has taken Support multiple times and been resisted as well during the same period. Recently it broke the EMA level, after which it has dive further. It seems it has retested the levels once again, which indicates it may continue to dive further for the next few trading sessions before it can bounce back from the previous swing low.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Close below 200 DMA , Trendline BrokenBandhan Bank looks hell bent to move towards 280, today's close and below 200 DMA and breaking of 10 month old trendline is a sure short selling setup.
Bandhab Bank - Trade outside the Range !Clear consolidation
Break of it may give a direction for upcoming sessions
📊 Bandhan Bank 🎯 NSE:BANDHANBNK
******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 NSE:BANDHANBNK
long only ones it give breakout and one can long if it take support from below trend line.
Bandhan Bank next support levels Bandhan Bank daily chart
The next support level according to Ichimoku chart is 302.50, if it breaks that level the next major support level is 291.85.
Bandhan bank chart analysis It is a very quick approach to analyse chart of a stock ,bandhan bank long term trend is down short term trend is up , it is coming to its trend line it can go up after testing trend line so keep eye for any opportunity
Bandhan Bank - Long at CMP 368/- for higher targets of 430+Bandhan Bank at CMP 368/- looks like completing Wave 4 and shall soon start for Wave 5 for the higher targets of 430+ with the SL of 345/- offering a good risk reward opportunity.
Bandhan BankIt is showing signs of completion of a sideways corrective near its Kumo support. If it holds 357 on hourly basis it could retest 400, sustaining above it could take it till 450.
