bandhanbank swing trade analysed on 21 oct 2021 go long immediately
HUGE VOL IN GREEN CANDLES
BANKING STOCKS OUTLOOK IS POSITIVE
confidence LEVEL 4.9/5
ANALYSED ON 21 OCT 2021
BANDHANBNK trade ideas
BANDHAN BANK... MAY SEE A 20% RALLY SOONA parallel channel breakout can be seen in the chart. The resistance line has been retested. Any move above 320 should be a good indication to enter for a target of 375. Stop-loss can be placed at 310. A risk-reward of 1:8.
buy at current price. add more if comes to 290possible reversal
downtrend seems over and price has sustained with upward movement seen in last couple of days.
moving averages are not yet in support so we might see a bit of retracement towards 285-290. that should be the best buying zone.
Bandhan Bank Level for 19/10/21Bandhan Bank is currently Trading in a Triangle Pattern In 15 minute Time Frame
I always recommend Our Entry and Exit levels are our Targets and also the Triangle and lines are support & resistance kindly use them as Entry & Exit Level
Buy Above – 333 TGT-1 337 TGT-2 340 TGT-3 343 MAX Upside 349
Sell Below - 329 TGT-1 327 TGT-2 324 TGT-3 322 MAX Downside 312
Falling Wedge Pattern BANDHANBNKDaily timeframe.
BANDHANBNK falling wedge pattern breakout.
CMP=331 Buy Above 350.
T1=380
T2=400
T3=425+
SL=330 or as per Your Comfort.!!!!
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
Bandhan Bank ready to explode? Perfect Fib Setup 0.5 and 0.618 in Fibonacci is a golden zone from where price retraces so here Bandhan bank was following a trendline so to predict that pullback we used fib! We plotted Fibonacci from 165 to 423 (uptrend) and if we observe the reaction to our golden zone we can see it is a very important key zone. It broke out of Falling wedge with a nice breakout with good volumes. Since it gave a nice move after breakout so we need a minor pullback and that can happen if the price retests but 295 fib level is way too far and so I plotted Volume profile . Now it's clear, enter at POC (highest traded line) and that will be our entry point. A logical SL below 265 because what if it retests deep? We need to think like this. Targets are 350, 425 for as long we don't see a reversal in future! Get set go! HAPPY TRADING 💹
SUMMARY:-
Entry only if it retests depending upon the depth i.e. best entry 309 (at POC)
SL below golden fib level i.e. around 250
T1 350
T2 425
Bandhan bank at long term resistace!This line acts as a strong resistance for this stock, and it doesn't closed above this trend line in its lifetime.
It did breached once, But that's a fakeout.
Moreover I found similarity between Bandhan bank and RBL bank, Both seems to be moving in accordance with each other. You can have a look at my publication on RBL bank, you can find the link for that in relative idea segment. If it breaks the trend line the targets will be as follows,
T1 - 350
T2 - 420
T3 - 510
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
Bandhan Bank Bullish Flag?Bullish flag formation in-progress in Bandhan Bank.
Should take support near 320-324 levels.
falling wedge pattern !bandhan bank :
a. The falling wedge pattern is a continuation pattern .
b. these patterns are formed when price bounces between two downward sloping converging trendlines .
c. with lower lows and lower highs
d. this pattern is considered as bullish chart formation ,
e. but some times can indicate both reversal and continuation patterns – it depends on where it appears in the trend.
f. trade should be taken when price breakout happens at upper resistance trendline with volume .
g. keeping lower trendline support price as stop loss
trade set up / technical shown in charts .....
Bandhan Bank will be down I guess Bandhan bank will dip due to NPA declare the incoming quarter results.
BANDHAN BANK READY FOR MULTI YEAR BREAKOUT ?Long term weekly downtrend violated with todays close
Should sustain above this level at close of this week end (Friday)
Also closed above its long-term support and resistance zone
Has to clear the immediate resistance level for entry
Entry trigger; stop loss and target levels marked on charts
Bandhan bank BUY at CMP TGT 375 and 430 short termSuggestions are based on my analysis only. Please do your analysis before taking any trade.
bandhanbank breakout of wedge pattern bandhanbank breakout of wedge pattern, still have potential to enter in swing trade
BANDHANBNK good potential. Expected (10-15%)I STRONGLY SAY DONT TAKE ANY TRADE BASED ON THE SHARED VIEW. PLEASE DO YOUR OWN ANALYSIS PLEASE.
WHAT TO EXPECT:
- Expected 10-15% atleast
- With BN moving higher BANDHABNK we can expect this share to move higher also.
- This idea is good with trend lines please keep a watch on the move
- potential move expected. please use your own indicators before taking a trade
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
# Thank You Please follow and like my work and I'm going to be very active from this week
Bandhan Bank - 2yr Down Trendline Breakout
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
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
Breakout in Bandhan Bank...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bandhanbank 1d chart analysisMy personal view on Bandhanbank.
In weekly time frame it shows a clear breakout after consolidation with high volume.
It can deliever good return if the breakout is sustain. NSE:BANDHANBNK
BANDHAN BANK - CLEAR WEEKLY BREAKOUTAfter a long consolidation, this scrips gave a clear breakout in weekly chart, breaking the long time trend line from low.
Buy Bandhanbank....Good structure with volume spurt
Buy at CMP or above 355
SL below 258
Target 430-560
banking sector looking positive
Fundamental
Market Cap-- ₹ 55,698 Cr.
ROCE-- 7.87 %
ROE-- 13.5 %
Retail holding < 23%
Bandhan Bank good to buy for long term if price sustain over 320.85 or 301.35 price level then good to buy for long term.
1st safe target-1 435 T-2 600 and finally new higher high.
Broke Sloping trendline !!Stock has broken the sloping trend-line, also closed above 340 levels, on weekly CB after 7 months (April 2021), also closed above 50 and 100 DMA. There is good price as well volume action, seen in this week.
Longs can be initiated with SL as per risk appetite for initial targets of 425, 480 and 500. Since it is a long term hold, gradually stock will reach to its previous ATH levels.
Kindly do your analysis before initiating trades.
