Bandhan Bank is currently showing a potential reversal from a support zone around ₹193.18. The stock has seen a bounce after a prolonged downtrend, signaling possible buying interest at lower levels.
Key Levels:
Entry: ₹198.72 (current level)
Target: ₹209.56 (+5.34%)
Stop Loss: ₹193.18 (-2.56%)
Technical Outlook: The stock has formed a bullish candlestick pattern on the daily chart, confirming the support level at ₹193.18. The risk/reward ratio stands at 2.08, making this setup attractive for a short-term trade. Volume spikes suggest institutional buying at lower levels, adding confidence to the bullish outlook.
Strategy:
Buy Zone: Around ₹198.72
Target: ₹209.56
Stop Loss: Below ₹193.18
Risk/Reward Ratio: 2.08
Disclaimer: This analysis is for educational purposes only. Please do your own research or consult with a professional financial advisor before making any trading decisions.
Key Levels:
Entry: ₹198.72 (current level)
Target: ₹209.56 (+5.34%)
Stop Loss: ₹193.18 (-2.56%)
Technical Outlook: The stock has formed a bullish candlestick pattern on the daily chart, confirming the support level at ₹193.18. The risk/reward ratio stands at 2.08, making this setup attractive for a short-term trade. Volume spikes suggest institutional buying at lower levels, adding confidence to the bullish outlook.
Strategy:
Buy Zone: Around ₹198.72
Target: ₹209.56
Stop Loss: Below ₹193.18
Risk/Reward Ratio: 2.08
Disclaimer: This analysis is for educational purposes only. Please do your own research or consult with a professional financial advisor before making any trading decisions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.