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.
註釋
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
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🎯 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
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。