BANDHANBNK trade ideas
Breakout position in Bandhan. Breakout position in Bandhan. Will breakout succeed. Likely. NSE:BANDHANBNK
Trade with SL
BANDHAN BANK LOOKING GOODBANDHAN BANK looking good in weekly time frame.
Buy above given level in charts in weekly time interval.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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Breakout in weekly patternVery good opportunity .....good chance stock can rally another 20% from current level ....Cheers
Bandhan Bank: A Promising Future of PotentialHello fellow traders, I hope you're all doing well. As you may have noticed, the market has recently become more volatile and uncertain. In light of this, I'd like to share an analysis of a potential future growth stock with you.
>>Bandhan Bank has been experiencing a correction in its stock price since it first got listed in the market. Now, if we take a look at its performance on a weekly chart, we can see that it has been trading within a descending rectangle pattern for the past three years. During this time, it has been closely following its support and resistance levels.
>>Currently, it has once again tested its resistance level. If it successfully breaks through this level with strong momentum, it could be an excellent opportunity to start a position for potential significant growth in the future.
>>The bank has been expanding aggressively, opening branches in various cities. Moreover, it's offering attractive financial solutions compared to its competitors. Notably, the promoter's holding in the bank is stable, and interestingly, Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are actively increasing their holdings, which is a positive sign.
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Bandhan Bank - Low risk SetupThe chart shows that the stock has bounced back from 210, a support level for the last few months. Also, a retest area for the previous breakout makes it more significant ( if sustains above 210 ).
If sustains above 205-210, may go to 235/252/267 in a short time period. If sustains below 205, will weaken the strength.
Only for learning and sharing purposes, not a bit of trading advice in any form.
Do not gamble in any trade. Try to refine your trading setup in a way so that it should appear like a business.
All the best.
BandhanBNK Looking good for long termWe have immediate resistance at 270, but hopefully it will break it and go big
T1: 270
T2: 344
T3: 425
Bandhan BankBandhan Bank:- Falling wedge pattern has been formed, if the stock sustains at 272.95 level then we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
keep learning and keep earning.
Price above its previous resistance Price closed above the previous resistance. Can buy on a DIP @ 247
Buy 251
Target - 256 / 272 / 289
SL - 226 / 220
If price comes back down for few days than exit as it may consolidate.
Consult your FA before investing and understand the risk.
BuyBuy Bandhan 240-245 SL 233 target 306 by 15th October 2023.
Disc : It's not an investment advise to buy or sell.
Bandhan Bank Cmp 243 Ascending TriangleBandhan Bank Cmp 243.40 dated 8-9-2023
1. Ascending Triangle BO @ 246
2. RSI already done BO
Buy above 246 target 250-255-260-270-280 SL 235
It is just a view, please trade at your own risk.
Bandhan Bank - Head and Shoulders Bottom"Head and Shoulders Bottom" or "Inverse Head and Shoulders" pattern formation on daily chart of BANDHANBNK.
This pattern is often used by traders to identify potential trend reversals in financial markets, particularly in stocks. The pattern indicates a shift from a downtrend to an uptrend.
Here's a breakdown of the pattern:
Downtrend and Accumulation: The pattern typically forms after a prolonged downtrend. During this period, the price reaches a bottom and starts to consolidate, forming what you referred to as a "period of accumulation."
Three Declines: The pattern is characterized by three price declines: a lower low (the head) surrounded by two higher lows (the shoulders) that are roughly at the same level. The head and shoulders create a distinct visual pattern that resembles a head with two shoulders on each side.
Volume: In the context of this pattern, volume plays a significant role. It's usually highest during the formation of the left shoulder and the head. As the right shoulder forms, volume tends to decrease, indicating diminishing selling pressure.
Neckline: The neckline is drawn by connecting the highs of the two shoulders. It acts as a resistance level that needs to be overcome for the pattern to be confirmed.
Reversal Confirmation: The pattern is confirmed when the price breaks above the neckline. This breakout is typically accompanied by a surge in volume, indicating increased buying interest. This breakout suggests that the selling pressure that had dominated the downtrend is waning, and buyers are gaining control.
Price Projection: Traders often project a target for the new uptrend based on the pattern's height. This can be done by measuring the vertical distance from the lowest low (the head) to the neckline and then adding that distance to the neckline breakout point.
It's important to note that while the Head and Shoulders Bottom pattern can be a powerful tool for identifying potential trend reversals, it's not foolproof. Not all instances of this pattern lead to successful reversals, and false breakouts can occur. As with any technical analysis pattern, it's advisable to use it in conjunction with other indicators and analysis methods to increase the accuracy of your trading decisions.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BANDHANBNK | Mini Swing Trade📊 Details
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Bandhan Bank Bandhan Bank updated the chart on a monthly
Above 200 EMA on a daily basis candle
positive trend
BandhanBankBandhanBank setup is looking attractive, first shared around 220 levels for a short term trading target of 240 (tweet attached), which has almost come today.
It is forming higher low on daily tf and has given a Double bottom / Higher bottom neckline breakout.
Daily tf ema's are also getting sorted out with volumes rising, it has a possibility to hit 258+ levels where it has a falling trendline and fibo resistance
BandhanBNK downtrend BreakDaily Chart Bandhanbank downtrend seems breaking with good volume.
Buy 238.50 , Target 271.50
BANDHAN BANKstock technically and fundamentally ready to big move in upcoming days
be your own before investing
Bandhan Bank Short Term TradeThe level around 234.4 (yellow horizontal line) is an important resistance ,
In May and June it was a Strong Support and in July and August it turned into resistance,
Currently , there has been a breakout through this level,
On Shorter time frame there is also inverted head and shoulder , neckline being the same level.
The breakout candle has negligible wicks and is supported with good volume.
Thus, there is a short term trade tgt is 245, sl is 231
Bandhan Bank is moving upThe Bandhan bank is looking good at this level and sustaining well above the resistance zone. keep on the radar.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Bandhan Bank LtdABOUT
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking.
Bandhan Bank Entry Stop Loss and Target priceI am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
