Bandhan Bank - Can it break the stiff resistance on 5th attempt?
At 402 , there is a strong resistance from a long trend line.
Safe playing investors should enter only above 402 on "closing basis" for the targets in green in due course.
However, the ADX > 25 indicates a very strong trend at the moment backed by a Golden Cross recently.
So risky investors can take a chance entering at CMP- 373 for a target of 402 which is about 8% but a strict stop loss is mandatory. This 8% target might be achieved in the next few intraday sessions as well.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Safe playing investors should enter only above 402 on "closing basis" for the targets in green in due course.
However, the ADX > 25 indicates a very strong trend at the moment backed by a Golden Cross recently.
So risky investors can take a chance entering at CMP- 373 for a target of 402 which is about 8% but a strict stop loss is mandatory. This 8% target might be achieved in the next few intraday sessions as well.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Comment:
Brokeout
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.