BANDHAN BANK — Positional Plan (1 Week)
Chart provided by user (current price ~ ₹162). This is an analytical trade plan for a 1-week positional hold — not investment advice.
Summary Recommendation
Suggested **entry zone:** ₹160 – ₹165 (buy on strength near current prices or on minor pullback). **Primary stoploss:** ₹152 – ₹155 (daily close). **Targets:** Target 1: ₹170 | Target 2 (stretch): ₹178 – ₹185.
Why these levels? (Rationale)
- Price at ~₹162 after a sharp green move (high-volume spike). Short-term momentum is bullish but extended — watch for pullback/resume.
- Immediate support area seen near ₹158–160 (previous intraday lows). A decisive daily close below ~₹155 likely negates short-term bullish view.
- First resistance cluster historically around ₹170–175; higher analyst targets exist near ₹190 but for multi-month horizon.
Positional Levels (1 Week)
| Parameter | Level / Instruction |
|---|---|
| Entry Zone | ₹160 – ₹165 (prefer buy on small pullback or on strong continuation with volume) |
| Stoploss (hard) | ₹152 – ₹155 on a daily candle close below this zone |
| Target 1 (near-term) | ₹170 — book partial profits |
| Target 2 (extended within week) | ₹178 – ₹185 — trail stop to lock gains |
| Timeframe | 1 week (positional). If momentum continues, re-evaluate for extension. |
Trade Execution Plan
- Buy full or partial at ₹160–165. If filled at upper range, consider tighter management.
- Place stoploss at ₹152 (conservative) or ₹155 (moderate). Use daily close as confirmation for stop triggers.
- On move to ₹170, sell 30–50% to lock profits and move remainder to break-even + small trailing stop.
- If price breaks above ₹175 with good volume, hold remaining position to target ₹178–185 with trailing stop below recent swing lows.
Risk Management
Keep position size such that max risk (entry → stoploss) is within your predefined portfolio risk (e.g., 1–2% of capital). Use stoploss discipline — do not widen stoplessly.
Important: If price closes decisively below ₹152 on daily timeframe, close the position — technical structure is broken for the 1-week view.
Alternate Scenarios
- Bullish continuation: Sustained jump above ₹166–168 with increasing volumes — consider adding and extend target toward ₹178–185.
- Failed breakout / weakness: Immediate fall below ₹158 will likely test ₹152–155 — tighten stops and reduce exposure.
Quick Checklist Before Taking Trade
- Check overall market breadth (Nifty/Banks) — if broader market is weak, reduce position size.
- Confirm volume on the move — valid breakouts should have higher-than-average volume.
- Set stoploss order in the system (do not rely on manual exit alone).
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