Go Short if broke below Rectangle Rising Channel formed and broke below, Wait for breakout below rectangle
Sell
At - 346
Tp 1 - 342
Tp 2 - 339
Tp 3 - 328
So - 350
BANDHANBNK trade ideas
SHORT Short near 348 or below 343 SL 351.50 FOR TGTS OF 5-7-9-12-15 POINTS.
JUST A VIEW BETTER SEEK PROFESSIONAL ADVICE..
Bandhan bank - breaking 357
Bandhan bank - RSI moving up, above 20 days MA, Breaking triangle pattern.
Definite buy for tomorrow if candles starts to cross 357.
LONG ABOVELong above 371 for TGTS of 383-393-416 SL 359 .. JUST A VIEW BETTER SEEK PROFESSIONAL ADVICE.
Bandhan Bank: Reasonable Value BuyingBandhan bank has recently tested its 300 Levels of support and bounced back from there.
All levels are mentioned on the chart.
Entry can be done at a support level of 325-330 levels.
DISC: For educational purposes only. Please consult your financial advisor before making any trade.
BANDHANBANK BUYBANDHA BANK HAVE MADE DOUBLE BOTTOM
AND
IM FOLLOWING THIS CHAT FOR PAST 1 WEEK AND IS AS STORAG SUPPORT AND TECH INDICATORS ARE GOOD
Bandhan bank 1WAt support. Buy Bandhan Bank for target of 480.
Not: This is for educational purposes only. Ask your investment advisor for investing.
Bandhan bank -Double bottomMY SHORT TERM VIEW ON BANDHAN BANK
Bandhan bank trading at the neckline of the double bottom candle pattern
Buy Triggered on SUSTASINED closing above 360 with the stop loss of 346 on closing basis for a Target of 390/400
****RISK/REWARD=1:2.5
Bandhan Bank Ascending Triangle Pattern50% retracement will work immediate resistance. 50% will first target of Bullish BAT pattern.
Bandhan Bank Analysis - Weekly timeframeHow to use the technicals to make money ?
1. 300 to 340 can be a good accumulation zone
2. Buying a stock with SL (DCB) of 245 for mid term can fetch good returns
3. Ultimate target is 600+
IMPORTANT : Maximum allocation
Risk of 2% of trading capital
OR
10% funds of total portfolio funds
Whichever is lower
[Positional] Bandhan Bank Compression TradeI have 310PE sell and 290PE buy put spread.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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BANDHAN BANK SWING TRADING - IMPORTANT LEVELS
Double Top rejection from 425 level.
Ascending triangle nearing completion.
Formation of Higher lows.
Good support from the trendline.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Bandhan Bank Bearish flag patternBandhan Bank looks weak as it forms a bearish flag pattern.
one can take trade on breakout downside.
BANDHANBANK chart analysis for 1st Mar 2021 [READ THE DESCRIPTIOBANDHANBANK chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading (DOT) kaivalya (DOT) digital.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
Bandhan Bank Chart AnalysisDouble Top Pattern
1. Double Top Pattern is a Trend Reversal Pattern.
2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend.
3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique.
4. Target would have been the Height of the Double Top Pattern or 2R.
Ascending Triangle Pattern
1. Ascending Triangle Pattern is a Trend Continuation Pattern and should be identified in an Uptrend.
2. Similarly, Descending Triangle Pattern is also a Continuation Pattern and should be identified in a Downtrend.
Bandhan Bank is forming an Ascending Triangle Pattern in a downtrend. Is it still valid to trade this pattern?. Nonetheless, the fact here is that the buyers seem to be in control forming higher lows and if the resistance of 350 is broken we can go for a long trade with a target of 380 (confirmation line of the double top pattern) or 400 (width of the base of the triangle). But it all depends on how the stock behaves at the breakout or breakdown.
BANDHANBNK taking support at trendlineI will buy BANDHANBNK because :
It has been taking support at the trend line .
It has touched the trend line 3 times and has not been able to break it.
It is also forming a inverted head and shoulder pattern.
So will be looking at buying opportunities.
Entry : 345
Target : 425/522
Stop loss : 297
