More fall on cardExpect 256-252 on board as long as 325 holds. It has broken previous low and also making lower lows.
BANDHANBNK trade ideas
Bandhan Bank Some more pain.Bandhan Bank is in no trade zone. It is at crucial support. Support needs to break for Short selling. On higher side, go long only when it shows reversal probably above 330. It will remain rangebound till first Quarter of FY 2021-22.
Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business.
Banks like Kotak Bank, Axis and HDFC bank are much better for investing.
(Disclaimer: It is a personal opinion, do your own study before investing.)
Bandhan Bank (NSE Cash)Bandhan Bank may show a reversal. Doji (reversal) was made yesterday followed by a green confirmation candle today in the daily charts. I am not sure about the entry for traders but investors (short to medium) can go long.
LTP: 295.95
Support: 285.00
Resistance: 315.60 / 324.30 / 336.55
***Buy for medium term target of 335+
Bandhan Bank - demand zoneBandhan Bank stock price at weekly demand zone. Trade setup marked on chart.
Bandhan Bank - CMP: 297 when to go long???It has given a bearish breakout on the daily chart. It had given an early sign of poor result expectation on 6th May 2021. We can expect the price to fall up to 270 in the near term. 270 shall be a good price range to go long, with a stop loss of 245.
Bandhan Bank - Some More Down Side Left - Possibility of a short pull back before resuming downward journey 250 levels ?
- Although Bank has declared elevated provision, due to Covid Wave 2, market might factor Q1 FY22 results in advance and hence good chance to hit 250 levels and then be range bound between 250-300 levels
- 250 levels is a good zone to start accumulation
- This study is for medium to long term investors only
Disclaimer - I do not have any position in this counter, nor intend to have. This analysis is for education purpose only.
Bandhan Bank Looks BearishIt looks like Bandhan Bank will seek lower levels in the near term. From January it started falling from an intermediate high of around 420 levels to 300 levels. Then it consolidated in the band of 320 – 360 for about 10 weeks. Now it has resumed its downward movement. It has broken an important long-term support trend line, in spite of Bank Nifty being strong in the last couple of trading sessions. Important indicators indicate a clear downward bias for the stock. Can be shorted for targets of 300, 280 and 250.
Consider this as an educational idea for follow-up, and not as an investment / trading suggestion.
BANDHAN BANK LIMITED Will Fall Like AU SMALL FINANCE BANKBANDHAN BANK has broken crucial level of 300 and similar to AU SMALL FINANCE BANK Q4 results is so poor, expecting a major fall.
Disclaimer: This is my personal view, please consult your financial advisor before taking any trade.
Target 320Target 320 Buy near 295(294-297), Stoploss 290
Bandhan bank is taking support near 295. it is making a bullish triangular formation along with hammer bottom.
Bearish Tone in Bandhan BankIn the Daily chart, Bandhan Bank is showing a clear breakdown of support with significant volume which shows that there is weakness in the stock. If it continues to fall with good vol, then one can short according to own risk appetite. It can be either swing or intra short.
LONG BANDHANBANKEnter in BANDHANBNK between 300 and 260....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 500,600 and long term above 725 easily......levels are marked........ best buy if goes around 195
BANDHANBANK Looks weak !!!BANDHANBANK : cmp : 311.25
Looks very weak may test 300/296
Sell on rally.
SL 320.6 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Bandhan Bank (NSE Cash)Bandhan Bank (NSE Cash)
LTP: 337.95
Support: 335.05
Resistance: 344.75 / 349.90 / 357.70
Market cap: 529.649B
Vol: 2.21M
Rel vol: 0.28
Avg vol: 10.191M
Float: 681.681M
***Technical data looks good
Daily charts (long term)
The charts are in an uptrend.
20 DEMA is below 100 DEMA but there is a reversal.
MACD is showing a bullish reversal in the bear zone so we will consider it as neutral.
RSI has crossed the 50 mark and is trading in the bull zone.
***Bullish chart
Hourly charts (medium term)
An awesome green candle with momentum.
20 DEMA has crossed the 100 DEMA which is a bullish signal.
Volumes are in green which again is good.
MACD is in the bullish zone with a bullish pattern.
RSI is above the 70 mark. We can see a bull run once it crosses and sustain above the 80 mark.
***Bullish chart
15m charts (short term)
Beautiful high top high bottom formation of candles.
DEMA is aligned.
Volumes are good.
MACD is in a sharp uptrend.
RSI is closing the 70 levels which is a strong sign as well.
***Buy for short term targets of 345 / 355
Rising Wedge Pattern in Bandhan BankRising Wedge Pattern in Bandhan Bank Has Formed, Stock Can Give Breakout From Both the Side Be Ready With Stoploss and target
''FOR EDUCATIONAL PURPOSE ONLY''
BANDHAN BANKTrading above 5 - 20 ema RSI above 45 on daily, standing on good support. Rising volumes with good buying.
Bandhan Bank Ltd.This is a good level to accumulate the stock for a medium term position. Bandhan Bank Ltd can be accumulated at the level of 310-320. Very soon it will be out the consolidation phase and move upside.
BANDHAN BANK AFTER CONSOLIDATION BANK BREAK OUT DOWN SIDE AND MARKET IS ALSO WEAK DUE TO COVID19. DOWN SIDE LEVEL AS MENTIONED IN CHART CAN BE ACHIEVED.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
BANDHAN BANK - SIDE WAYS TRENDDuring last couple of Trading sessions Bandhan Bank has broken the Resistance Level of 317. The Stock can been at near about second Resistance at 295. No much movement in the Stock is expected.
BANDHAN BANK INTRADAY PLAN - 26 APR 2021BANDHAN BANK INTRADAY PLAN - 26 APR 2021
Looks good for going long in intraday after looking at the current volume last hour towards buying.
