jayroy

descending channel

Long
jayroy Updated   
NSE:BANDHANBNK   BANDHAN BANK LTD
stock is getting momentum and froming channel , volumes are rising with price moved above 200MA (bullish bias) throughout channel we have seen bullish vol spike , no major strong selling. price is also standing near horizontal support . market is currently bullish
keep an eye on it. on breakout entry can be taken with 25% quantity and rest on pullback.
with 5% sl
Note- it can be intra player also either on monday or in next sessions
Comment:
so here is the move, moved 6.4 % today in intraday. vol.
Comment:
stock is consolidating near upper trendline with no weakness , may be getting ready for next jorney
if weakness appear just exit the postion.
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