Science Backed by Data[Bandhan Bank]: Target 326

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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.

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ملاحظة

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

٢٩ يونيو ٢٠٢٠

ملاحظة

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

٢٩ يونيو ٢٠٢٠

ملاحظة

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

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ملاحظة

Bandhan Bank looks to be targeting towards 319.

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أغلقت الصفقة: تم الوصول للهدف

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

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ملاحظة

٣٠ يونيو ٢٠٢٠

تم فتح الصفقة

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

١ يوليو ٢٠٢٠

ملاحظة

1st Target achieved, Bandhan Bank at 326

٢ يوليو ٢٠٢٠

ملاحظة

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

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أغلقت الصفقة: تم الوصول للهدف

٢ يوليو ٢٠٢٠

ملاحظة

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