Target of 317,325. SL is a must and should be according to your risk appetite.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
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.
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...
A breakout from a triangle pattern.... Go Long.... NSE:BANDHANBNK
Buy BANDHAN BANK Above- Rs. 281 for the Target of Rs. 345 - 396...
Stoploss- Rs. 240 .....
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