BANDHANBNK trade ideas
Bandhan Bank Ltd (BANDHANBNK) - An Opportunity to buyAs per previous chart history and technical analysis alongwith Fundamental inputs of the stock, it indicates that you can buy or hold your stock for minimum 30-50% profit in short term as per chart analysis.
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
BANDHAN BANK Yesterday Bearish engulfing on chart top & today confirmation done.
Stock on important support zone
If support break then go for more fall.
Macd Bearish crossover
RSI Bearish
RSI & MACD Bearish divergence
Moving averages react as a dynamic support.
Charts favour in short trade.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
BANDHAN BANK8.1.24
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits.
Interesting setup in Bandhan Bank on Weekly TF.
Possible reversal on the cards with an out below the supporting parallel channel trend line.
If it goes upside then potential resistances are marked.
Let's see.
[Basket] Bandhan Bank Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Bandhan BankTechnicals
Triangle pattern formed from the time of Covid has just given a Break out with strong Bullish candle
Fundamentals
Bank faced difficulty in recovery of its loans issued post Covid from Jan'21 and that was the primary reason for fall in its price
Although there was a rating downgrade on Bank-NCD by an analytical company yesterday. As per my understanding, Bank has written off most of its non-recovery items and it is the time to revive from this point.
Please let know if there is any other view so that i can correct my process of learning.
Bandhan Bank Bottom Buy
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Breakout in Bandhan BankNSE:BANDHANBNK has given a strong breakout from a triangle formation with good volumes in today’s session. It looks like a descending triangle but the breakout has occurred on the upside. Volumes look good as well.
Height of the formation gives a 25% move and the stock closed 4.4% up today from the upper trendline so there is likely healthy upside remaining.
On the risk side, previous swing high is yet to be taken out. If the stock fails to break the previous swing high at 259.25 in next few sessions then the idea is invalidated.
Bandhan Bank making Cup & Handlebandhan bank is making cup and handle pattern at 1 hour timeframe, on daily timeframe it has already made a double bottom, which means the uptrend at larger timeframe is already in place, now it is taking a pause before resuming the original trend.
Follow for more....
BANDHAN BANKStocks trading near their 5 Day high as well as Bullish Derivation with rising volumes and closing strong , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
BANDHAN BANK - DOWNTREND BREAKOUT" DOWNTREND PATTERN BREAKOUT "
Entry Level : 260
SL : 225
Targets : 300,335,370+
52wk High : 275.90
52wk Low : 182.15
Mkt Cap : 405.30 B
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Bandhan BankBandhan Bank appears to be poised for a potential reversal, supported by several significant factors:
1. A daily Golden cross formation is currently in progress.
2. Gann timeline dates of significance are approaching, specifically on October 3rd and 20th.
3. It is positioned at a critical junction, where important trendlines intersect with Gann levels.
The confluence of these factors suggests the possibility of a strong rally emerging from this intersection, potentially in the coming days.
Watch out for Closing Above 273. Keep in Watch listHoping to get closing above 273 in coming few days.
If it does. It will be coming out of long time resistance channel.
Fireworks will start if it gives closing above 273. If it fails, we might see further fall to the levels close to 200 to 220.
Keep at the top of watch list.