Breakout in Bandhan Bank on 15m chart.

24 Agu 2022

Moving Averages

• From the last 2 days the stock traded below the 200ema.

• The ema lines are making a wave like pattern.

• The distribution of 20, 50, 100 & 200 ema is very proportional.

Breakout

• Today the stock gives 3 successful breakouts.

• All breakouts are in the last 3 hours of the market.

• First breakout of 20ema.
  • Second breakout of Resistance.
  • Third breakout of Parallel Channel.
  Other Time Frames
  • Bullish on Daily charts.
  Prediction
  • Bullish
  • High Volatility
  Trade
  • The price can retest the levels.
  • Enter a trade if price respects the levels of Parallel channel.