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CA Omkar Bhutada - SEBI Reg IA

29th Apr · SEBI-Registered Analyst

This is a clean and quite powerful structure on Bandhan Bank (Weekly). Let me break it down the way you typically frame high-probability setups:

BANDHANBNK
Structure Insight You’ve correctly marked a large accumulation range roughly between ₹140 – ₹185. Price has spent significant time here, which means: Strong absorption of supply Institutions building positions Now we are seeing a decisive breakout above ₹185, which was the key supply zone. What Makes This Interesting 1. Range Breakout + Momentum The breakout candle is not weak or marginal, it’s a wide range expansion candle closing near highs around ₹200. That indicates: Demand dominance Short covering + fresh longs 2. Failed Pullbacks Earlier Notice how earlier rallies into ₹185 kept failing. This time: Clean breakout No immediate rejection That shift in behavior is important. 3. Measured Move Projection Your marked move (~₹50 upside) is logical. Range height ≈ ₹45–₹50 Breakout level ≈ ₹185 Projected target ≈ ₹230–₹240 This aligns well with your projection box. Trade Logic (Professional View) Bullish Case (Primary) As long as price holds above ₹185–₹190 zone, structure remains bullish Ideal behavior: small consolidation above breakout → continuation Entry Zones Aggressive: CMP (momentum play) Smart money entry: retest of ₹185–₹190 zone Invalidity Weekly close back inside the range (<₹185) That would signal a false breakout / bull trap Risk Perspective (Important) This is not an early trade. It’s a post-breakout trade, so: Risk-reward reduces slightly But probability increases Psychology Behind This Move What’s happening here: Sellers trapped from earlier range Breakout triggers stop losses Momentum traders enter Institutions mark price up That combination often fuels fast moves after breakout

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