CMP 232 , Target 165 , Looking at the current structure of bandhan bank , expecting to touch 165 . One can trade 200 PE options march expiry or sell futures at CMP
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.
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 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.
