Long on Bandhan Bank - positionalBandhan bank is on verge of breakout and buy range is in 400-450. Target is 590
BANDHANBNK trade ideas
BANDHABNK LONG INTRADAY 26 FEB 2021Dear trader,
If u look at the chart of BANDHABNK (analysis based intraday only) the HDFC support at 340 and resistance at 348.
The chart clearly indicates resistance line break based buy above at 350 range narrowing - ascending triangle.
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Trading Call : Short Bandhan Bank Ltd.NSE:BANDHANBNK is weakest bank among the all Banks. It is making lower top lower bottom on hourly charts. One can create short position around 337-340 levels with Stop Loss of 354 for Target of 306. Risk Reward for this trade is 1:2.
Bandhan Bank Turning Bullish Expected Target 420Bandhan Bank turning bullish after making low around 320.00
Upside seems to be 380--400 and then to 420.
We can go with Bull Call Spread on this.
+1x 25FEB2021 340CE - ₹ 17.00
-1x 25FEB2021 390CE - ₹ 4.00
Max. Profit ₹ +66,510
Max. Loss₹ -23,490
Breakeven - 353.5
BANDHAN BANK LOOKS GOOD...lets seeplease see the charts and comment ur view..
consult ur advisor before taking position...
Bandhan Bank Bandhan Bank nice reaction from 0.886 FIB Harmonics
Plus we have finished 3-3-5 correction as well ABC on EW waves.
Harmonics and EW Waves confluence shows that this is buy on dips.
