BandhanBank is trading near it's support zone and looking good for upside targets marked on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
We can now long Bandhan bank for 300 target as per technical, we can see ab=cd + cypher pattern in this share. and we can see a breakout of falling wedge in this share.
not valid below 200
Thanks
We can see a breakout ion upside of pennant pattern by this wave and then Bandhan bank come inside again in this pennant as per my analysis. I am posting chart third time of Bandhan bank.
In technical terms we say this pattern as a wolfe wave
1. Bearish Engulfing Pattern formed at S/R zone.
2. Another Confirmation is 50% Fib Retracement at S/R level that is strong zone than you think.
3. Oh...Come on EMA 150 act as Resistance.
4. Trendline got broken very well by Engulfing Candle.
5. First TP1 level price reached sell half of your stocks there.
6. Move your SL to BE for another TP2 level which you need...
The FASP for Bandhan is listed for 29-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
share name : bandhan bank
call type : positional
- share is forming a falling wedge pattern with
morning star on c point and hammer candle on
monthly time frame which shows the buyer
presence in this stock
- we can accumulate this share at this level and
look for the targets of 333 and 367 as per
cypher
- stop loss is 209 for this script
thanks
After Corona, Bandhan Bank is still in the range-bound market and below 250 we can see a good target on the short side for the upcoming weeks.
Previous support of 260 is broken and now it is moving towards 250. 250 level is good support and the last support of range-bound trade.
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.
NSE:BANDHANBNK
#BANDHANBNK blasted and bagged decent profits.
Check out the support level, when our analysis is perfect, market will respect mostly 👍
Happy LEarning !!
Sell Bandhan Bank if sustains below 324 for the lower 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 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 HAS BROKE ITS WEEKLY TRENDLINE AND HAS BEEN CONSOLIDATING ABOVE IT.
1.It is hovering above 200 ma
2.Flag and pole type of formation can be seen which is a continuation pattern.
3.Previous swing highs acting as support.
4.RSI and MACD supporting bullish move.
Buy above - 329
Targets mentioned in the chart above.
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Bandhan Bank is placed at top end of the channel and just today formed nice red candle.
Considering downward drifting channel it is a good risk reward opportunity to go for reversal (short) trade .
Consider daily close above top of the channel as StopLoss and Target for lower end of channel.
Bandhan bank was following a channel pattern in weekly time frame in daily time frame a hammer is formed where we shortlisted this scrip for long the but the hammer was so big that we waited for a small SL and we got that on 30th dec where you can see a wick exactly on our channel.
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.
