Bandhan Bank had a heavy resistance in the range of 260~262. The price tried to break the resistance 4 times and succeeded the 5th time (today).
Target of 282 can be achieved if the overall market is bullish.
Nifty 50 chart analysis for Monday 1st November 2021:
Nifty is making a descending triangle at 15 mins (and 5 mins).
The RSI shows a bullish divergence at 15 mins timeframe.
