bandhan bank taking trade for reversal made treversal candle and rsi is oevrsold RISKY TRADE
This triangle wave move in nifty is just a correction and the same is coming to an end. Be careful. In the coming two weeks nifty should start the declining wave 3.
NSE:BANDHANBNK is weakest bank among the all Banks. It is making lower top lower bottom on hourly charts. One can create short position around 337-340 levels with Stop Loss of 354 for Target of 306. Risk Reward for this trade is 1:2.
bandhan bank upcoming move for upside
Watch the video to learn basic about the trendlines of how to draw these and where you can find the support and resistance. (Sorry I don't rely 100% on indicators) Hope you find this useful. Thanks MK