Science Backed by Data[Bandhan Bank]: Target 326

28 giu 2020

BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 342-345 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation. This looks good setup for short term futures trade.
Pls support with likes on the idea.

29 giu 2020

Nota

First target to look for is 332-333 at opening.

29 giu 2020

Nota

First target gave 330 on opening, looks good for booking futures trade

29 giu 2020

Nota

First Target achieved 326. Very strong support here. close 50% position.

29 giu 2020

Nota

Bandhan Bank looks to be targeting towards 319.

30 giu 2020

Trade chiuso: obiettivo raggiunto

Bandhan Bank short target complete at 314. 50% retracement of the original move

30 giu 2020

Nota

30 giu 2020

Trade attivo

Now Buy with SL of 303 (61.8% retracement) for moveback to 326-340

1 lug 2020

Nota

1st Target achieved, Bandhan Bank at 326

2 lug 2020

Nota

2nd Target achieved 340. What a bazooka Trade. Super profits.

2 lug 2020

Trade chiuso: obiettivo raggiunto

2 lug 2020

Nota

Profit of Rs 26 (8%) in flat 2 days on Futures lot of 1800. 46K neat profit