Bandhan Bank By KRS Charts

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.

הערה:

Almost Reached at same price point
News impact can survive for few days only so market itself recover and justify its true value!!!

הערה:

"SHAKEOUT BEFORE BREAKOUT"
get ready for it.

הערה:

All the Study is Working
More than 2+ move already

Enjoy the rally!!!

הערה:

Retested on W pattern's neckline
Confirm Entry if someone miss previous price point.

הערה:

trailed SL will be 195 Rs.

הערה:

Good Recovery so far from News base Gap Down.