This line acts as a strong resistance for this stock, and it doesn't closed above this trend line in its lifetime.
It did breached once, But that's a fakeout.
Moreover I found similarity between Bandhan bank and RBL bank, Both seems to be moving in accordance with each other. You can have a look at my publication on RBL bank, you can find the link for that in relative idea segment. If it breaks the trend line the targets will be as follows,
T1 - 350
T2 - 420
T3 - 510
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
It did breached once, But that's a fakeout.
Moreover I found similarity between Bandhan bank and RBL bank, Both seems to be moving in accordance with each other. You can have a look at my publication on RBL bank, you can find the link for that in relative idea segment. If it breaks the trend line the targets will be as follows,
T1 - 350
T2 - 420
T3 - 510
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
