Bandhan Bank (NSE Cash) Long

BANDHAN BANK LTDNSE

Description

⋅ May 10, 2021 4:03 PM

Bandhan Bank may show a reversal. Doji (reversal) was made yesterday followed by a green confirmation candle today in the daily charts. I am not sure about the entry for traders but investors (short to medium) can go long.

LTP: 295.95
Support: 285.00
Resistance: 315.60 / 324.30 / 336.55

***Buy for medium term target of 335+

Comments

randomthinking238

⋅ May 10, 2021 4:06 PM

Bandhan bank posted 80% loss yesterday. So is it good to go long?

virralthakkaar

⋅ May 10, 2021 4:07 PM

@randomthinking238, I think the stock has discounted the results already. The charts are showing a reversal.

shahjapan

⋅ May 12, 2021 2:57 AM

Discounts are given for those items which are not having demand, short to medium term Bandhan Bank will definitely face pressure on higher level...

virralthakkaar

⋅ May 12, 2021 3:37 AM

@shahjapan, Okay