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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