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Bandhanbank

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.
NSE:BANDHANBNK
by arunkrmishra2000
44
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
NSE:BANDHANBNK
by AdarshDey
2
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.
NSE:BANDHANBNKShort
by jayaprakash99