BANDHANBNK trade ideas
BANDHAN BANKBANDHAN BANK : CMP 346
RESISTANCE : 370/390
SUPPORT : 331/320
1D Time Frame : Bullish Channel Trend
Overall View : Flag Pattern ( Bearish)
If Price Sustained Above 370 then it is good for further up move
If Price Not Sustained then avoid
Major Support Level : 295
#200MA SUPPORT LEVEL : 320
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
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.
