Bandhan Bank - Go Long- Weekly=> In weekly time frame, follows falling channel pattern which was now broken and closed strongly above the channel.
=> Rise in volumes confirms the uptrend
=> One can Buy this stock on the dips near 336-340 for a targets of 371 and 382.75 respectively by keeping 325 as SL
=> Levels are marked on the chart for reference.
Disclaimer => This is only educational purpose, Trading involves Substantial risk of loss, pls consult your financial advisor before investing
Bandhanbankltd
Falling Wedge Pattern Breakout in BANDHANBNKOn daily timeframe, BHANDHANBNK shwoing falling wedge pattern breakout. After this breakout expected it will rise upto 425+ level in upcoming few trading session. Downside possible if not sustain above the breakout and starts trading below 275 level. Possible trade for this stock is go long above 305 with stop loss of 275 for targets 350 and 425+ for short term.
Bandhan Bank - Rounding bottom + Bullish market structureKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Rounding bottom pattern
5. Resistance: 360
6. Support zone: 323-332
7. Target: 371, 394, 423
8. Stop loss: 310
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
BANDHAN BANK BUY!Bandhan Bank LOOKS A NEAT BUY NEAR 292 WITH STOP LOSS BELOW 279 FOR TGT 1 : 305 TGT 2 : 317 TGT 3 :328.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.
This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
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
BANDHAN BANK SWING TRADING - IMPORTANT LEVELS
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 Ltd.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 updated in update idea section.
As Bandhan Bank has a low weightage in NIFTY BANK , do not expect it to always move in correlation with the Index.
CHART AND ANALYSIS BY - ADARSH DEY