Magic Waiting to Happen: Bandhan Bank's Weekly Chart Overview
- The downtrend line since 2020 has been a key resistance level.
- ₹250 and ₹200 have served as a consolidating range's upper and lower boundaries.
- You can now access our structured charts for all Nifty 500 companies. Check the signature column below for more info.
- Recent base formation suggests accumulation, supported by a surge in volume.
- The stock has gained momentum following the RBI's nod for a change in MD, CEO.
Bandhan Bank is currently coiling up for what looks like a significant breakout. With the downtrend line as the final hurdle and volume picking up, the chart suggests that magic is waiting to happen. A break above the resistance zones could trigger a bullish trend reversal, so it's worth keeping a close watch on this stock in the coming weeks.
DISCLAIMER: The information provided here is for educational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any security. Stock market investments carry risk, and you should consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
- The downtrend line since 2020 has been a key resistance level.
- ₹250 and ₹200 have served as a consolidating range's upper and lower boundaries.
- You can now access our structured charts for all Nifty 500 companies. Check the signature column below for more info.
- Recent base formation suggests accumulation, supported by a surge in volume.
- The stock has gained momentum following the RBI's nod for a change in MD, CEO.
Bandhan Bank is currently coiling up for what looks like a significant breakout. With the downtrend line as the final hurdle and volume picking up, the chart suggests that magic is waiting to happen. A break above the resistance zones could trigger a bullish trend reversal, so it's worth keeping a close watch on this stock in the coming weeks.
DISCLAIMER: The information provided here is for educational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any security. Stock market investments carry risk, and you should consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
ملاحظة
While the trendline is intact, the price is on a red train for now. Will we test the All time low?
🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.