Bandhan bank analysisBandhan bank cup and handle pattern about to breakout. Sustaining above support zone.
BANDHANBNK trade ideas
Bandhan bank- retesting the new supporting line.There was a breakout on the weekly chart with volume confirming the movement. If you look at daily chart it shows that there is a retest that is witnessed and it is likely to move +ve tomorrow as there was a MACD divergence was noted on 3hr chart with doge candlestick formed at the new support line.
If you want to buy than this is the right time it's just that the opening of the day should be above or equal to the open on previous bearish candlestick on daily chart. Do apply the requisite SL to avoid any sort of uncertainty. SL can be below the no trading zone.
more details will be updated soon.
Bandan bankbandhan bank
Good base at 280 level
Volume also good and increasing
cmp 341 around
Tgt 362- 430- 541
Sl near 280
Bandhan Bank - longBreakout with huge volume -
2 days left to expiry - buildup on 320 and windup on 330 indicates further up-move
Bandhan Bank Ltd - 21.06.2021Bandhan Bank Ltd - 21.06.2021
The stock has made an intraday high of 343.20 today
Hammer high is taken off in daily chart
Stochastic is overbought
prices are above ema
one can initiate a long position at current levels with support @ 324
a breakout possible above 352
watch out
Bandhan Bank Broke out of a falling Wedge Pattern.Bandhan Bank Broke out of a falling Wedge Pattern.
Bandhan Bank has been continuously falling from January and has now started to reverse. Can go long but have to wait for a retest to the support Zone at 318-326 or the orange trend line before taking a decision.
Can give a RR of minimum 1:2.4
T1- 364.80
T2- 424
#6 Live Trade Bandhan Bank 1L invested - Swing trade ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺--------------------LOGIC of the trade----------------------------- ✺
✣A falling wedge type pattern = bullish consolidation
✣That too on D chart = great returns in short term = swing trading
✣yellow lines BO = contraction pattern got broken and a good move out of it
✣Double pattern BO
✺----------------------- Plan of the trade---------------------------- ✺
✣Long at current levels with a risk of 6 to 7%
✣Targets can be 7% to 25% from here
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
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➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Bandhan Bank | Positional and medium term viewCurrently Tracking- #Bandhanbank
Medium to long term view.
Tight SL at 280 and profit range from 370 t0 420
EMA cross signal.
Note - For educational purpose only.
I don't provide paid calls or stock tips.
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
#BANDHANBANK in Range from last 3 weeks#BANDHANBANK if cross the range & close above 323, go for long with SL 310 close.
Accumulate Bandhan Bk between 305 to 310 for target 325Due to bearishness in Bank Nifty, Bandhan Bank may show weakness and fall upto 305 levels and recover for a target of 325 + levels. There is a good swing trading possibility hear on the downside and upside as well. Trade accordingly.
Bandhan Bank Short Term Trading Set up 1The Price has been taking constant support from 100 EMA. The structure is already provided for reference along with S&R LEVELS. This will the third attempt in breaking the 325Rs Resistance.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
