Stocks

Trading Setup

<p>Bandhan bank went through along consolidation phase in a wide trading range that might still be wave 2. It may now attempt to start wave 3 which are required to go back to test the trendline of the last 2 highs at 450, and possibly breakout above it to achieve higher levels. A measure of the size of the trading range projected from the breakout point would give us a level of 690.</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/bandhan39692.png" alt="Bandhan bank went through along consolidation phase in a wide trading range that might still be wave 2. It may not attempt to start wave 3 which are required to go back to test the trendline" width="759" height="710" /></p>

Bandhan Bank