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Bandhanbankforecast

BANDHAN BANK - DOUBLE BOTTOM IN FORMATIONSymbol - BANDHAN BANK CMP - 151.12 Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. A double bottom pattern is currently in formation, and the price is undergoing a consolidation phase. At this juncture, the key level of focus is 154, which represents the breakout zone for this consolidation (Buy Trigger). If the price successfully sustains above this level, a potential upward move towards 168 can be anticipated. Therefore, I intend to initiate long position in Futures at the buy trigger level. Additionally, I plan to add more position around 150 level and will hold long position with a stop loss at 144. The target for this trade is 168, which implies an expected upside of approximately 8.40% from the entry point. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANDHANBNKLong
by akshit_official