Bandhan Bank (NSE Cash)
Resistance: 344.75 / 349.90 / 357.70
Market cap: 529.649B
Rel vol: 0.28
Avg vol: 10.191M
***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...
Double Top rejection from 425 level.
Ascending triangle nearing completion.
Formation of Higher lows.
Good support from the trendline.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
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...
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.
******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.
Bandhan Bank is moving up with support of trade line. Once it close above 329, a short term higher high and higher low will confirm and you can open new orders based on price action.
* Breaks short term downward trend line.
* Around 50% retraction, it start moving up.
Target Rs 280
Fundamentally speaking the Moratoriums will be drag for the BFSI sector.
The Stake selling should not have een a trigger but the inherent weakening of the business model is.
Target Rs 280
Time Frame : 3 weeks.
I hope you can now see how the Bandhanbnk represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 342-345 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to...