BANDHANBNK trade ideas
16/05/2021 Research Report For Bandhan BankShort @ C.M.P (CURRENT MARKET PRICE)
Buy Target 1 :- 270
Buy Target 2 :- 262
Buy Target 3 :- 254
Buy Target 4 :- 247
SL (Stoploss) 320
SHORT IN FUTURE CONTACT. AVOID OPTION
bandhan bankbriked support and filed to brike the resistance if bank nifty is week then go for short side
🏟 Bandhan bank #banknifty #niftybankNSE:BANDHANBNK
take long trend only if you know how to trade on harmonic and if you know what is reversal. as its quite complicated situan for stock if you know what is reversal then only go for long if find reversal at harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Short call for Bandhan bank Price may reach up to 250, which is a 10% fall if you buy at 280
People who have futures enabled can go for 250PE for great profit
Put a bit of your studies and buy
Buy Bandhan Bank for few days for 7 to 8 percent tgtBandhan Bank is near its strong support zone one should buy for 7 percent tgt easily...do your own study before investing
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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More fall on cardExpect 256-252 on board as long as 325 holds. It has broken previous low and also making lower lows.
Bandhan Bank Some more pain.Bandhan Bank is in no trade zone. It is at crucial support. Support needs to break for Short selling. On higher side, go long only when it shows reversal probably above 330. It will remain rangebound till first Quarter of FY 2021-22.
Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business.
Banks like Kotak Bank, Axis and HDFC bank are much better for investing.
(Disclaimer: It is a personal opinion, do your own study before investing.)
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 - demand zoneBandhan Bank stock price at weekly demand zone. Trade setup marked on chart.
Bandhan Bank - CMP: 297 when to go long???It has given a bearish breakout on the daily chart. It had given an early sign of poor result expectation on 6th May 2021. We can expect the price to fall up to 270 in the near term. 270 shall be a good price range to go long, with a stop loss of 245.
Bandhan Bank - Some More Down Side Left - Possibility of a short pull back before resuming downward journey 250 levels ?
- Although Bank has declared elevated provision, due to Covid Wave 2, market might factor Q1 FY22 results in advance and hence good chance to hit 250 levels and then be range bound between 250-300 levels
- 250 levels is a good zone to start accumulation
- This study is for medium to long term investors only
Disclaimer - I do not have any position in this counter, nor intend to have. This analysis is for education purpose only.
Bandhan Bank Looks BearishIt looks like Bandhan Bank will seek lower levels in the near term. From January it started falling from an intermediate high of around 420 levels to 300 levels. Then it consolidated in the band of 320 – 360 for about 10 weeks. Now it has resumed its downward movement. It has broken an important long-term support trend line, in spite of Bank Nifty being strong in the last couple of trading sessions. Important indicators indicate a clear downward bias for the stock. Can be shorted for targets of 300, 280 and 250.
Consider this as an educational idea for follow-up, and not as an investment / trading suggestion.
BANDHAN BANK LIMITED Will Fall Like AU SMALL FINANCE BANKBANDHAN BANK has broken crucial level of 300 and similar to AU SMALL FINANCE BANK Q4 results is so poor, expecting a major fall.
Disclaimer: This is my personal view, please consult your financial advisor before taking any trade.
Target 320Target 320 Buy near 295(294-297), Stoploss 290
Bandhan bank is taking support near 295. it is making a bullish triangular formation along with hammer bottom.
Bearish Tone in Bandhan BankIn the Daily chart, Bandhan Bank is showing a clear breakdown of support with significant volume which shows that there is weakness in the stock. If it continues to fall with good vol, then one can short according to own risk appetite. It can be either swing or intra short.
