Bandhan Bank : Reversal from 20EMA
Updated
#BANDHANBANK after QoQ result stock was falling but got the support over 20EMA. Forming the symmetrical triangle pattern on 15 min Chart.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch %k crossed above %D
DI+ is treading above DI-
Got support over Bolinger Band mid line
ATR is decreasing and now below 20
Short cover
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Support : 347.80 and 343.65
Breakdown : 349.50
LTP : 353
Breakout : 366
Short Target : 359 and 368
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Positive & Negative Point:
1) Neutral in Daily/Weekly and bearish in monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch %k crossed above %D
DI+ is treading above DI-
Got support over Bolinger Band mid line
ATR is decreasing and now below 20
Short cover
----------------------------------------------------------
Support : 347.80 and 343.65
Breakdown : 349.50
LTP : 353
Breakout : 366
Short Target : 359 and 368
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Weekly and bearish in monthly chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
Trade closed: target reached
Hit the Bottom Target 343.65
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