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Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari

According to the technical analyst from Anand Rathi, Bandhan Bank can be shorted for a price target of Rs 272, while Eris Lifesciences can be bought for a target of Rs 800.

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Mehul Kothari Mumbai
SELL
Bandhan Bank
Sell Near: Rs 263
Target: Rs 242
Stop Loss: Rs 272

In the previous week, we witnessed a major breakdown in Bandhan Bank below Rs 270-mark. The price action was supported with heavy volumes even in the cash segment. The stock has bounced back and now it is further more lucrative to go short. Thus, we advise traders to sell the stock near Rs 263 for a target of Rs 242 in the coming sessions.

BUY
Eris Lifesciences
Buy Near: Rs 720
Target: Rs 800
Stop Loss: Rs 680

The stock Eris Lifesciences has finally managed to confirm a range breakout above Rs 720 after

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First Published: Oct 04 2022 | 8:09 AM IST

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