LKP Spade : A Weekly Pick - Buy Bandhan Bank Ltd For Target Rs. 271 By LKP Securities
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Bandhan Bank Ltd
* Bandhan Bank has been trading in a symmetrical triangle formation and is on the verge of breaking out of the pattern.
* The stock is finding strong support at its 50 EMA, which is pegged at 238.
* The momentum indicators are showing signs of reversal from oversold territory.
* Once it crosses above 250, the stock will accelerate the momentum on the upside toward the mentioned target levels
Buy Bandhan Bank Ltd @ Rs 248-244 Stop Loss: Below Rs. 234 CB Target Rs. 271 Duration 1 Week
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