Science Backed by Data[Bandhan Bank]: Target 326

2020年6月28日

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.

2020年6月29日

註釋

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

2020年6月29日

註釋

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

2020年6月29日

註釋

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

2020年6月29日

註釋

Bandhan Bank looks to be targeting towards 319.

2020年6月30日

交易結束：目標達成

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

2020年6月30日

註釋

2020年6月30日

交易進行

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

2020年7月1日

註釋

1st Target achieved, Bandhan Bank at 326

2020年7月2日

註釋

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

2020年7月2日

交易結束：目標達成

2020年7月2日

註釋

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