BANDHANBNK trade ideas
Bandhan Bank - a Long opportunityThe set up of $BANDHANBNK suggests a trade on the long side on the Daily. But price is likely to first pull back before heading up. BankNifty holds the key for this stock's movement.
This may even pull back up to 27x levels. As a practice to guard against price reversal after I take a trade, I always take a buy trade over a Open = High Red candle. So, if the price decides to go up, it has to break the red candle to do so. However, if price decides to continue down, my trade does not get triggered. That's my method. So here too, I would wait for a Red candle and then take the call to go long.
Idea is for my reference.
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descending channel stock is getting momentum and froming channel , volumes are rising with price moved above 200MA (bullish bias) throughout channel we have seen bullish vol spike , no major strong selling. price is also standing near horizontal support . market is currently bullish
keep an eye on it. on breakout entry can be taken with 25% quantity and rest on pullback.
with 5% sl
Note- it can be intra player also either on monday or in next sessions
Long Bandhan Bank in Cash SegmentBought 33% shares of #BandhanBank 1 lot in Cash Segment and Shorted 320 CE of September Month
1) shorted 320 CE of September Month @ 2.55
Actions to be taken :-
i will gradually buy the stocks once it will go upside as well as go downside.
If Stcoks will go down then i will adjust the CE to get the premium from OTM CE.
During Expiry :-
if Stocks will stay between 285.5 to 320 in this month then we will be in profit in Cash segment and the option will be OTM and will expire zero.