bandhan bank reached its resistance line sure shot return this graph shows the return cycle of bandhan bank
BANDHANBNK trade ideas
At monthly support. IPO levelBroke channel and near-monthly demand zone. This is the same level where it got IPO.
The risk-reward factor is good. Buy around 380-400. SL should be at 350.
#BanhdanBank 3 months view from hereIMP Fibonacci levels on the weekly time frame. With Pivot points
Respecting 20 EMA for now.
Long: must close above last week close (with good volume) / above last week high.
Short: Breaking 20 EMA and last week low may touch 509 further weakness may lead to 447 strong support.
May retrace from 530 in near term > Breaking of the trendline on candlestick activate short
Accumulation oppurtunityits either traingle in the making or breakout for impulsive 3rd wave on the upside.SL=463.20(LOW).1st target zone 516/530.if sustains above it then fresh new high.
