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Bandhanbankanalysis

Bandhan Bank poised for a strong upside of around 700%Since December 2020 price has been moving in a down trend, it has formed a complex triple correction WXYXZ pattern. Looks like the wave II correction is over now and price is at the initiation of wave III. Wave III target should be around 910 level, which is around 330% from CMP and can be achieved in medium to long term (1 year approx.) If you are a conservative investor, you can buy once break out happens at the trend line resistance at around 250 level. Stop loss @ 170 Other targets highlighted as per your investment horizon. Do your own due diligence before taking any action. Peace!!
NSE:BANDHANBNKLong
by Swastik24
Bandhan bank trying to break it's bondages (bandhans)Bandhan Bank Ltd. is a banking and financial services company present in 35 out of 36 states and union territories of India, with 6,140 banking outlets and 3.07 crore customers. The Bank provides range of personal, business and NRI banking facilities. Bandhan Bank CMP is 243.40. The Negative aspects of the company are declining cash from operations annual and MFs are decreasing stake. The Positive aspects of the company are improving annual net profits, low debt, FIIs are increasing stake and zero promoter pledge. Entry after closing above 247. Targets in the stock will be 255 and 273. Long term targets in the stock will be 291 and 314. Stop loss in the stock should be maintained at closing below 182. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:BANDHANBNKLong
by Happy_Candles_Investment