Wyckoff Cycle Analysis for Bandhan Bank

Wyckoff Cycle Phases for Bandhan Bank
Phase A:

• Accumulation (219 to 184)
  
• Within the ₹219 to ₹184 range as it prepares for the next phase (Phase B). The goal is to establish support at the lower end of this range.
  

Phase B:

• Testing (184 to 163)
  
• Bandhan Bank moves sideways, indicating a period of uncertainty and indecision. A breakout above ₹163 or below ₹163 will lead to the next phase.
  

Phase C:

• Spring (Shakeout) (167 to 128)
  
• The sharp dip to ₹128 represents the shakeout where weak holders are eliminated. After the dip, the price will likely start to recover.
  

Phase D:

• Mark-Up (128 to 152)
  
• Bandhan Bank begins to break out from ₹128 to ₹152, marking the transition to a bullish phase. Look for a continuation above ₹152
  

Phase E

• Mark-Up Continuation (133 to 153)
  
• The price continues its rise, moving between ₹133 to ₹153, with targets set at ₹185 and ₹209 as the price continues upward.
  

Wyckoff Cycle with BOS at ₹161 for Bandhan Bank

Given the Breakout of Structure (BOS) at ₹161, we can project the following:

1. Phase D to E: After ₹161 is broken, we are likely in Phase D (Mark-Up), where the price moves toward the higher targets of ₹185 and ₹209. This break signifies the start of the uptrend continuation from Phase D into Phase E.

Key Levels:
2. BOS at ₹161 signals a breakout, entering the Mark-Up phase (Phase D).

• Target 1: ₹185 (Next resistance level in the mark-up phase).
  
• Target 2: ₹209 (Higher target as the mark-up continues).
  

3. No Trade Zone:
The no trade zone between ₹137 to ₹152 signifies the area where price is consolidating, with potential erratic price movements. It is best to wait for a clear breakout above ₹161 for a long position.

Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.