Bandhan bank Breakout Bandhan Bank has given A Cup and pattern in daily and as Hourly Chart. There is a high chance of bullish breakout expecting tomorrow if 332.25 spot level of Resistance breaks and stands above the same.
BANDHANBNK trade ideas
Bandhan Bank: Inverted Head and shoulder Bandhan Bank: Inverted Head and shoulder ;
It could touch 392.
BANDHAN BANK(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade 🤔 :- Head & Shoulders Pattern , Bullish Banknifty , Above 200DMA , Global Market Bullish.
Entry :- 334 (Only Enter After Clear Breakout Or Opening Above Trendline).
Stop Loss :- 313
Targets :- 1st= 365 | 2nd= 395
(Risk Must Be Managed.)
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BANDHAN BANK Chart analysisBandhan bank made continuation H & S pattern above 200 sma is high probability set up. Set up active if gap up on Monday (09/11/2020).
Inverted H&Sbuy bandhan bank above 333 .
we can buy it for positional as well for target of 370 and 400
[POSITIONAL] BANDHANBANK - SELL BELOW 316.70Sell only if it breaks
- Inside Bar Candle
- Follow price action
BANDHAN BANK: ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
At Resistance and looks strong bullPrice reached the resistance levels once again with strong bull movement. Strong close above the resistance can be considered as break and one can go long.
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Bandhan: Bandhan Mukt beyond 330Head & Shoulder
or its Cousin
Cup & Handle.
Also the early Aug , GAP might work like a spring.
Bandhan Bank - Cup and Handle patternBandhan Bank is forming Cup and Handle pattern in 30 minutes chart.
Waiting for stock to break this trendlineAs of now banking stocks are in strong momentum ,Bandhan bank can break this trendline any time.
Buy Above -318
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Bandhan Bank reverse H&S pattern seenBandhan bank long term target can be looked at 370 as reverse H&S is seen in the charts. Breakout at 320 levels and will see the upside. Thanks for going through
