Refer the cart well
On the higher side a triple top kind off patter has been formed so a buy above these levels should give you a good move.
While on the lower side the stock has tried to break the levels of 330 but received a rejection by the buyers, hence a sell below this level is recommended.
Bandhan Bank formed a bullish candle and closed near the previous resistance level. Buy Bandhan Bank if sustains above 330 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bandhan Bank Is Moving In Falling Wedge Pattern.
But It Is Looking Bullish, Wait For Breakout From Wedge
And 348 Price Level Which Is It's Previous Resistance.
We Need Breakout With Heavy Volume.
NSE:BANDHANBNK
Observations:
1) On daily time, it managed to close above 200DMA. 200DMA is placed at 320.03 level.
Only negative thing is that 50DMA is below 200DMA.
If it managed to sustain above 200DMA then the bullish move will continue.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, if it completes the rounding bottom...
BandhanBank : Bachega ya jayega?
its trading in major level at weekly chart.
RSI is not supporting price
If it break we may see downside.
For Educational 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...
Two trading zone is marked on chart.
If 1st monthly demand zone works then price will not break 276.86 price level. Safe target 570.
If 2st monthly demand zone works then price will not break 195 price level. Safe target 360 & 2nd 570.
Note :- Wait to complete May month candle formation. You can trade this stock on June 1st week if price sustain on zone one.
Bandhan Bank - Chart Analysis
Buy zone; 289-279
Upside Targets: 309, 329, 350, 373
Support Levels: 250 225
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You can also see my other stock analysis and the performance of achievement/judgment in...
Bandhan Bank may show a reversal. Doji (reversal) was made yesterday followed by a green confirmation candle today in the daily charts. I am not sure about the entry for traders but investors (short to medium) can go long.
LTP: 295.95
Support: 285.00
Resistance: 315.60 / 324.30 / 336.55
***Buy for medium term target of 335+
Bandhan Bank (NSE Cash)
LTP: 337.95
Support: 335.05
Resistance: 344.75 / 349.90 / 357.70
Market cap: 529.649B
Vol: 2.21M
Rel vol: 0.28
Avg vol: 10.191M
Float: 681.681M
***Technical data looks good
Daily charts (long term)
The charts are in an uptrend.
20 DEMA is below 100 DEMA but there is a reversal.
MACD is showing a bullish reversal in the bear zone so we...
Note: 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₹
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.
![BANDHANBNK: Simple Trade Setup | BANDHAN BANK | 25-10-2021 [INTRADAY]](https://s3.tradingview.com/f/FHDjVpW9_mid.png "Simple Trade Setup | BANDHAN BANK | 25-10-2021 [INTRADAY]")
