Science Backed by Data[Bandhan Bank]: Target 326

28 juin 2020

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.

29 juin 2020

Note

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

29 juin 2020

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

29 juin 2020

Note

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

29 juin 2020

Note

Bandhan Bank looks to be targeting towards 319.

30 juin 2020

Trade fermée: cible de profit atteinte

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

30 juin 2020

Note

30 juin 2020

Transaction en cours

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

1 juil. 2020

Note

1st Target achieved, Bandhan Bank at 326

2 juil. 2020

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

2 juil. 2020

Trade fermée: cible de profit atteinte

2 juil. 2020

Note

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