BANDHAN BANK | LONG TERM TARGET @ 400Bandhan Bank is trading near it's strong demand zone @ 170 - 150 and one can start accumulating the stock between this range.
We expect this stock to take support in this zone, consolidate and start rally towards 250 and eventual long term target is 400. In case we get weekly closing below 150 consider this as a SL.
Happy Trading!
InvestPro India
Bandhanbanklong
BANDHAN BANK 285 ?We can now long Bandhan bank for 285 target as per technical, we can see abc corrective pattern and i think this is the last wave of this share
If share is start trading above 210 we can see target of 285 and if share is sustain above 285 we can see this share in uptrend .
and again we can see a breakout of falling wedge in this share.
not valid below 190
Thanks
Hoping for a good Breakout in StockHi All…
Greetings!
Today I’m sharing with you Bandhan Bank Ltd. Weekly Chart. I’m hoping for a good break out in the stock. The stock has been a under performer from a long time. I think it would a good time to invest in the stock.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
BANDHANBANK - Intraday levelsRefer 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.
BANKDHAN BANKS GOOD BUY ABOVE 330Bandhan 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
Simple Trade Setup | BANDHAN BANK | 25-10-2021 [INTRADAY]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 pattern then breakout level is at 337.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Bandhan Bank is shaping up to be a good longExperimenting 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 low seems fair, with T1 being 334 and T2 being 351. Important to note the hurdle at 324.
Note: I already hold Bandhan Bank so my view may be biased.
Bandhan bank trading zonesTwo 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 - Long Bandhan Bank - Chart Analysis
Buy zone; 289-279
Upside Targets: 309, 329, 350, 373
Support Levels: 250 225
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Bandhan Bank (NSE Cash)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)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 will consider it as neutral.
RSI has crossed the 50 mark and is trading in the bull zone.
***Bullish chart
Hourly charts (medium term)
An awesome green candle with momentum.
20 DEMA has crossed the 100 DEMA which is a bullish signal.
Volumes are in green which again is good.
MACD is in the bullish zone with a bullish pattern.
RSI is above the 70 mark. We can see a bull run once it crosses and sustain above the 80 mark.
***Bullish chart
15m charts (short term)
Beautiful high top high bottom formation of candles.
DEMA is aligned.
Volumes are good.
MACD is in a sharp uptrend.
RSI is closing the 70 levels which is a strong sign as well.
***Buy for short term targets of 345 / 355