BANDHAN BANK LTDLong
Bandhan Bank poised for a strong upside of around 700%
Since December 2020 price has been moving in a down trend, it has formed a complex triple correction WXYXZ pattern.
Looks like the wave II correction is over now and price is at the initiation of wave III.
Wave III target should be around 910 level, which is around 330% from CMP and can be achieved in medium to long term (1 year approx.)
If you are a conservative investor, you can buy once break out happens at the trend line resistance at around 250 level.
Stop loss @ 170 [Optional]
Other targets highlighted as per your investment horizon.
Do your own due diligence before taking any action.
Peace!!
Looks like the wave II correction is over now and price is at the initiation of wave III.
Wave III target should be around 910 level, which is around 330% from CMP and can be achieved in medium to long term (1 year approx.)
If you are a conservative investor, you can buy once break out happens at the trend line resistance at around 250 level.
Stop loss @ 170 [Optional]
Other targets highlighted as per your investment horizon.
Do your own due diligence before taking any action.
Peace!!
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