BANDHANBNK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.5

Here’s a detailed technical analysis of BANDHANBNK (Bandhan Bank Ltd.)

📉 Trend Overview

Current Price: ₹163 is below both 50-DMA (₹175) and 200-DMA (₹172) — signaling a clear downtrend.

RSI (31.7): Near oversold territory, indicating weak momentum but potential for a technical bounce.

MACD (-2.56): Negative and diverging, confirming bearish momentum.

Volume: Significantly below average, suggesting low conviction and lack of buying interest.

📌 Conclusion: The stock is trending down with no strong reversal signals yet.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is near the lower band, indicating oversold conditions.

Candlestick Patterns: Recent long lower shadows suggest buying interest near ₹160, but not enough to reverse trend.

Support Levels

₹159.6 (Pivot S3)

₹153 – ₹155 (Book Value zone)

₹128 (52-week low)

Resistance Levels

₹170 – ₹175 (DMA zone)

₹183 – ₹188 (Monthly R2–R3 zone)

₹215 (52-week high)

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 153 – 160 Near support, oversold RSI

Target 1 170 – 175 50-DMA resistance zone

Target 2 183 – 188 Monthly resistance zone

Stop Loss 148 Below key support and psychological level

🔍 Momentum Signals

Short-Term: Bearish, oversold RSI, weak MACD.

Medium-Term: Downtrend confirmed by moving averages.

Long-Term: Fundamentals are mixed — high debt (6.60 D/E), low ROCE (7.82%), and weak profit variation (-65%) weigh heavily.

🧭 Final Take

BANDHANBNK is in a downtrend with oversold technicals. A bounce from ₹153–₹160 is possible, but confirmation via volume and MACD crossover is needed. Risk-averse traders may wait for a close above ₹175 to consider trend reversal.

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