Date: 3rd June 2024
Time: 2:05 PM
Bandhan Bank was in big correction since las many years.
Concepts Applied,
1. Wave Theory :
Big Correction Wave has finished with recent ATL price, it seems like now as per Wave Theory Bandhan Bank price likely to reach depth of correction price ~263 Rs.
2. W Chart Pattern :
After Wave count upside Target Reversal C Pattern called W pattern is visible at the bottom of chart and its breakout too. So T1 will be according to W C Pattern will be ~229 Rs.
3. Additional Concept +OB and FVG :
+OB and FVG is less used by people in Indian stock market so as additional, but that also satisfied here for buyside view on Bandhan bank.
One last thing, let it close above 195 Rs. today and it will be considered as a strong breakout Volume is already above avg.
Time: 2:05 PM
Bandhan Bank was in big correction since las many years.
Concepts Applied,
1. Wave Theory :
Big Correction Wave has finished with recent ATL price, it seems like now as per Wave Theory Bandhan Bank price likely to reach depth of correction price ~263 Rs.
2. W Chart Pattern :
After Wave count upside Target Reversal C Pattern called W pattern is visible at the bottom of chart and its breakout too. So T1 will be according to W C Pattern will be ~229 Rs.
3. Additional Concept +OB and FVG :
+OB and FVG is less used by people in Indian stock market so as additional, but that also satisfied here for buyside view on Bandhan bank.
One last thing, let it close above 195 Rs. today and it will be considered as a strong breakout Volume is already above avg.
Kommentar:
"SHAKEOUT BEFORE BREAKOUT"
get ready for it.
get ready for it.
Kommentar:
All the Study is Working
More than 2+ move already
Enjoy the rally!!!
More than 2+ move already
Enjoy the rally!!!
Kommentar:
Retested on W pattern's neckline
Confirm Entry if someone miss previous price point.
Confirm Entry if someone miss previous price point.
Kommentar:
trailed SL will be 195 Rs.
Kommentar:
Good Recovery so far from News base Gap Down.
News impact can survive for few days only so market itself recover and justify its true value!!!