Story development: Bandhan Bank is recovering from its most recent low of 200, making it more appealing to buy the company because there is very little downside.
Why stay so long?
1 - The MACD Indices changed to the better.
2 -Stock is above the 200 EMA.
3 - The risk to reward ratio is high.
When to go long ?
If the stock breaches the 235 trend line, add a small position with 230 as the stop loss.
Once it passes 240 with SL 235, increase the volume.
I am not a SEBI-registered adviser.Before engaging in any trading, kindly consult your financial advisor.
For interesting updates, do subscribe to my channel.
Why stay so long?
1 - The MACD Indices changed to the better.
2 -Stock is above the 200 EMA.
3 - The risk to reward ratio is high.
When to go long ?
If the stock breaches the 235 trend line, add a small position with 230 as the stop loss.
Once it passes 240 with SL 235, increase the volume.
I am not a SEBI-registered adviser.Before engaging in any trading, kindly consult your financial advisor.
For interesting updates, do subscribe to my channel.
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