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.