technical analysis -
points to be bullish on Bandhan Bank.
1. Bandhan bank was in downtrend for many weeks gives a fake breakout once , but gives pullback again.
2. for more confirmation, at 1 hour time frame- confirmation that the current breakout is not fake, downtrend breaks & retested results in ready to move up.
3. on weekly chart, shows bullish divergence.
4. bank nifty is corrected very well for now, we can start to accumulate some banking sector stock from now onwards, one can bet for Bandhan Bank as swing as well as long trade.
this study is for educational purpose only.
points to be bullish on Bandhan Bank.
1. Bandhan bank was in downtrend for many weeks gives a fake breakout once , but gives pullback again.
2. for more confirmation, at 1 hour time frame- confirmation that the current breakout is not fake, downtrend breaks & retested results in ready to move up.
3. on weekly chart, shows bullish divergence.
4. bank nifty is corrected very well for now, we can start to accumulate some banking sector stock from now onwards, one can bet for Bandhan Bank as swing as well as long trade.
this study is for educational purpose only.