After making a recent high at around 350 level, this stock is retesting the falling wedge pattern. It can give good returns- 370 followed by 400 from here with a small stop loss at around 290.
(For educational purpose only, please do your own analysis before taking any position.)
-The price brokeout of a downward sloping trend line on August 30.
-This was followed by a strong price price movement of around 2000 points in the first week of September.
-In the later weeks of this month the stock is forming lower highs and higher lows ( BULLISH PENNANT ),...
* 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
