Fundamentals
The real Multi Bagger - Fundamentally very Strong.
The interest income of this bank is ever increasing from 2016 and has reached a level of around 3x.
Technical
You can see there are two curves on the chart, they decide the further move of the price. Price is crossing these curves and a new wave is starting, Buy the stock at 250 with a stop...
bandhanbank has been on rader for a while now,i can see an potential for good upside in this stock
why-
1.trendline rejection from year 2020 and has been tested for 4 times.
2.psuindex on monthly chart gives an clearbreakout with large volumes
3.finaly stock has broke the trendline.
3.an strong daily or weekly close above 260 can give more aggresive buying
IMP...
BANDHAN BANK is fundamentally strong stock taking a support of 20 sma of bollinger band and making a a doji and breaking its high in next candle.we can see an upward move in this stock upto 10 %.
BandhanBank is trading near it's support zone and looking good for upside targets marked on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
the pattern is about to brake.
immediate important level/ resistance is at 258 RS
if breaking upward the resistance will be converted into targets.
Bank Sector is booming day by day
be careful while trading
For educational purposes only.
I have made forecast of the stock heading to 470+ , in coming days
One can invest and Make Gain on reaching the forecast
Good luck
please note this is weekly forecast so it take few weeks before reaching the said target
Speculation in FNO one should avoid in this stock
Good luck
In the Weekly Chart of BANDHANBNK ,
we can see that, it has given Inverted Head & Shoulder breakout.
Let it retest the trendline and then enter with SL.
Expected momentum is shown in chart.
The stock has formed a good support base at 210 since July 23. In recent sessions, there seems a support of 220.
There is a gap formed at the above side at around 236.
If maintain the support of 220 in the coming sessions, may go to test the gap at 236, and the further target comes around 245.
If sustaining below 220, there should be an exit.
This is my...
Currently this stock is inside the wedge pattern but last few months it showed the potential as it got higher lows so it may give break out and got the potential too.
Strong move above 255 is good to have the reason to enter the trade and hold for few weeks to gain maximum.
Note: This is just an educational post expressing from my perception.
Bandhan Bank is the last bank to move after the Covid rally, it is also right now around the Covid lows but as per the charts, it has formed a trendline( downward slopping trendline).
As the chart says it is on the verge of the Trendline break-out
Right now it has closed at 237 , with 227 SL it can first go to 272 after breaking the downward slopping...
Stock is moving up after an expanded flat correction. The current structure suggests that a 3rd-wave is about to start.
TRADING STRATEGY:
BUY: 223 (CMP)
SL: 218
TGT: 232/240
If price will comes at entry level before reach at target level.Then we can go long for up to given target.
I am not SEBI registered.
So trade or investment at your own risk.
After long consolidation and turnaround in numbers, chart and technical analysis suggest a good reversal on the cards.
Targets are 290 and 50% retracement above 400.
M Pattern Double Bottom base formation ready to reverse and go up for good.
Disc : Educational views and not a recommendation.
BANDHANBNK -- currently trading below all indicators.
But looks like this will bounce back from long term support level of 210 and should see some reversal in short term.
On Daily Time frame:
If breakout on this, we should see 245-250 levels and if any momentum pickup with good news/results - we should see 255 level takeout.
On Weekly time frame:
Stock...
