BANDHAN BANK LONG Setup Explained : Potential Breakout
Aggiornato
BANDHANBNK- Stock is in a healthy uptrend
- The resistance has now turned support
- Stock is in a Range and has the potential to bounce off the support area after consolidation
- A close above 356 on Daily or Hourly timeframe followed by a closing green candle should trigger LONG position
- Stop Loss of 290-292 is advised
Trade attivo
Price has closed below major support area and overall Banking Index has taken a major HIT. Stock showing some signs of recovery. Key is to watch whether it will breakout of 320 levels or will it be a retest and breakdown. That will decide my next move... Happy Trading
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