Bandhan Bank is currently 76.58% down from it's lifetime high at a time when all the indices are at their peak. It is currently highly undervalued and I do not see the stock going down any further from this price point. The company is showing constant profits and the sales have been increasing. The share should be at around 500 levels at least. Do share your views...
this stock is now near to its support levels...
we have a chance of inverse head and shoulders in this stock...
wait until price creates a right shoulder...to continuation up to 320 levels.
Enter only after confirmation, otherwise it leads to breaks the support and goes down.
Bandhan Bank is trading near it's support zone and looking good when it comes to Risk & Reward. Buy in small qty @ 214 and add if comes lower until sustains above 180 on the closing basis.
Happy Trading!
As per analysis, NSE:BANDHANBNK is trading at demand area of 217 and respect's support level of 210. This could be best risk and reward opportunity to go long at level of 217 with strict stop loss of 295 (-22). My expected upside target would be 247 (+30) & 264 (+47). It mat take 6-9 weeks to get upside levels.
Note: This is my personal analysis, only to learn...
Bandhan Bank Elliot Wave Analysis
Bandhan Bank Complete wave 1 upside or 2nd Wave downside complete or complete 62% retracment and again start 3rd wave upside target 300
Stock Analysis: Bandhan Bank has formed falling channel and sym triangle pattern it looks good buy around marked demand area with below level as stop loss for the given target let's see..
Happy Invesing!
