BANDHANBNK trade ideas
Bandhan Bank View - a slow and sad momentum but bright future My target for this is 470++ but not very soon. If you want to hold this one for 2 months, this can go big. I have marked path for it.
There is a possibility of trend change marked in green, if that happens then we will do another study, but overall Target 470++ looks good.
Target 470++ in next two months
POSITIONAL VIEW BANDHAN BANK* bandhan bank is trading close to its long term rising support (easily visible on weekly chart)
* FIRST TARGET 365-370 level and further 400
*On lower side a stop loss at around 320 level can be placed - this would break the long term rising support line and also the previous lows made on 10 Feb and 25 Feb.
LET ME KNOW YOUR VIEWS ON THIS
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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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