BANDHANBNK has given a strong breakout from a triangle formation with good volumes in today’s session. It looks like a descending triangle but the breakout has occurred on the upside. Volumes look good as well.Height of the formation gives a 25% move and the stock closed 4.4% up today from the upper trendline so there is likely healthy upside remaining.
On the risk side, previous swing high is yet to be taken out. If the stock fails to break the previous swing high at 259.25 in next few sessions then the idea is invalidated.
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Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
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。