Bullish View on Bandhan bank Bandhan bank should starts it bull run from here. 203 should be the entry price.
This scrip should must contribute its bes share in Bank nifty. Bank nifty will be moving towards 55k 56k.
BANDHANBNK trade ideas
LONG BANDHAN BANK, 6 YEAR BREAKOUT6 YEAR BREAKOUT IN BANDHAN BANK.
#Stock ready for rally 🔥
✍️High Potential 6-year #Breakout
✍️Expecting 30 to 50 % within a year
🔥PE: 13
Bandhan bank ka bandhanBandhan bank seem to continue in negative or sideways mode, considering the last quarter results, it should stay above 220 range, but the not being part of MSCI index seem to be leading the downtrend, which may continue till this month-end, but lower side should be 170-175,
this is only for education purpose, do your own research.
70% GAIN POTENTIAL IN BANDHAN BANKBandhan Bank forming double bottom the last support "S2" is at the same level of Previous Support "S1" thus indicating the chart has formed double bottom and now will take the uptrend according to Elliot wave theory. Thus a clear more than 70% gain. This is further supported by improving financials.
Bandhan Bank - Weekly Time Frame - LONGBandhan Bank Looks good for Longside
CMP: 217.40
Good level to Buy now & buy (Purely Investment purpose)
SL: 152-150 (WCB)
T1 = 260
T2 = 335
T3 = 425
Disclaimer: Partially invested might add some here.
Breakout (Monthly Candle ) Think about long term investment There is good chance it can rally another 100 points in a month or two....helpful for long term investments
Highest volume ever on BANDHANBNKHighest volume ever on BANDHANBNK.
This is due to the quarterly results.
Bandhan Bank Cmp 192.50 Bullish Engulfing Candle @ supportBandhan Bank Cmp 192.50 dated 26-7-2024
1. Bullish Engulfing Candle @ support
2. Price Rise with Volumes
3. Good Quarter Result
Buy above 193.50 target 196-199-202-205-208-212 SL 184
It is just a view, please trade at your own risk,
Bandhan Bank _Upside gap Currently Bandhan Bank is trading around Rs.218.50 and gave breakout with upside gap candle.
Pros:- Stock about to break 💔 All time trendline.
* stock is showing good signs of strength in weekly and monthly timeframe.
* Nifty Bank index is also supporting.
*Trade Set_up
*Go long @ current candle with 194 has support if your are aggressive trader.
*if your a low risk trader, Then let price come to support @ 194 which is having gap concept.
* Best to trade in F&O of Aug_2024.
Happy Trading!! Only for educational Purpose.
After Reporting Excellent Results Stock Is Ready For 50% Upside ✅The stock is approaching a 3.6-year-old resistance level within a downward sloping channel. After multiple rejections at this resistance, the recent breakout attempt is supported by a significant increase in volume and a bullish divergence in the RSI, indicating strong buying momentum. If the stock sustains above 225, it could trigger a rally towards 325-350 levels.
✅ Bandhan Bank reported a strong quarterly performance with net profit rising by 25% YoY to ₹807 crore in Q1 FY24, driven by lower provisioning and robust loan growth. The bank’s microfinance segment continues to show resilience, contributing significantly to its overall profitability.
BANDHANBNK - Ichimoku Breakout📈 Stock Name - Bandhan Bank Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 220.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Is Bandhan Bank Bottoming Out?It's not easy to identify wave 2 when it is still forming. However, attempting to find its low gives an excellent opportunity w.r.t to Risk Reward.
How do we plan our strategy?
We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through Candlesticks, GAP, PA, Breakouts which matches the personality of wave 3
The above analysis & Strategy is only for Educational Purpose
BANDHANBNK: Breakout Soon Candidate!BANDHANBNK: Breakout Soon Candidate!
Pattern: Inverse Head & Shoulder on Daily Time Frame
Action: Keep on Radar!
Disclaimer: For Educational Purpose Only
Educational idea:::::Worst is over for this ::::
Typical cup & handle formation..
1) Further upside movement will be assited by Q1 2025 earnings which is excellent.
2)Target 250 in coming week
Bandhan bankSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Bandhan Bank LONG !!!Bandhan Has completed its down cycle by engulfing 196 in the price chart.The only anticipation is now the price will move up!!!up and up !!!
Head & Shoulder formation in Bandhan BankNSE:BANDHANBNK is forming Head & Shoulder on daily timeframe.
Possible target will be 245-246.
HOW TO USE DESCENDING TRIANGLE AS A SETUP?This is Berger Paint stock. In this stock Descending triangle is forming.
* What is the Descending triangle pattern?
- A descending triangle is a chart pattern used in technical analysis created by drawing one
trend line connecting a series of lower highs and a second horizontal trend line connecting a
series of lows.
A regular descending triangle pattern is commonly considered a bearish chart pattern or a
continuation pattern with an established downtrend. However, a descending triangle pattern
can also be bullish, with a breakout in the opposite direction, and is known as a reversal
pattern.
So here it is in Bandhan Bank support is at 190. and stock is in the accumulation phase from the long term. From above we will connect lower high and down we make a support zone. Now stock is in stock and ready to fly.
* How will we know that stock is ready to move using descending triangle?
- Lower High
- Time at support zone
- Bullish Candle at support
All this step is to be followed. Then it is the best setup.
-
Bandhan BankBandhan Bank
CMP 210
Long term Target 300-400+
Support 170
Buy for long term investment
Only educational purpose
BANDHAN BANK -LONG FOR 15 %decent valuation at current level
though price is below 200 day EMA , there are technicals which suggest that shares might move 15 %
1. 18 day EMA crossing 50day , 100 day
2.price taking support at 18 day EMA
3. pivot trend change confirmed
4.MACD 12-26 is above zero line and retracing towards signal line
Rounding Bottom_Good for Momentum InvestingA rounding bottom is a chart pattern that's used in technical analysis. It's identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
Bandhan Bank reverses from our Support !Bandhan Bank bounced from our support area and now around 205
This is just a Starting !! ⚡️❤️📈
BANDHAN BANK | LONG TERM TARGET @ 400Bandhan Bank is trading near it's strong demand zone @ 170 - 150 and one can start accumulating the stock between this range.
We expect this stock to take support in this zone, consolidate and start rally towards 250 and eventual long term target is 400. In case we get weekly closing below 150 consider this as a SL.
Happy Trading!
InvestPro India
