BANDHANBNK trade ideas
Science Backed by Data[BandhanBank Series]: Target 302-327Hi Friends
Bandhan Bank has broken out of Elliot wave Triangle , consolidated, went back intraday and broke up again on good volumes.
Long Positions can be made above 285 for
Targets of
302,
327,
350,
376.
Stop Loss to be used is
282.6
276.9
259
240
Breakout is on higher volumes + Elliot Wave Triangle Breakout + PitchFork Channel for low risk.
For people with lower risk band keep moving higher Stoploss according to pitchfork channel.
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#BanhdanBank 3 months view from hereIMP Fibonacci levels on the weekly time frame. With Pivot points
Respecting 20 EMA for now.
Long: must close above last week close (with good volume) / above last week high.
Short: Breaking 20 EMA and last week low may touch 509 further weakness may lead to 447 strong support.
May retrace from 530 in near term > Breaking of the trendline on candlestick activate short