BANDHANBNK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.5

📊 Chart Patterns & Trend: BANDHANBNK is consolidating near its recent low after a steep correction from 192 ₹. The current price (150 ₹) is below both 50 DMA (153 ₹) and 200 DMA (163 ₹), reflecting short-term and medium-term weakness. The stock is holding above its 52-week low of 128 ₹, suggesting consolidation near support.

📈 Moving Averages:

- Price below both 50 DMA and 200 DMA confirms bearish undertone.

- Sustained move above 153–163 ₹ is required to regain strength.

- Strong resistance remains at 163 ₹ (200 DMA).

📉 RSI: At 43.7, RSI is neutral to weak, showing limited buying strength.

📉 MACD: Negative (-2.21), confirming bearish crossover and short-term weakness.

📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and possible short-term support.

📊 Volume Trends: Current volume (59,22,287) is slightly below the 1-week average (62,90,350), showing reduced participation and lack of strong momentum.

🎯 Entry Zone: 145–150 ₹ (near support).

🎯 Exit Zone: 160–170 ₹ (near resistance trendline and DMA levels).

⚡ Support Levels: 145 ₹ and 128 ₹.

⚡ Resistance Levels: 163 ₹ and 175 ₹.

Positive

• DII holdings increased (+1.30%), reflecting domestic institutional confidence.
• Dividend yield of 1.01% provides income return.
• PEG ratio of 0.11 suggests attractive valuation relative to growth.
• EPS of 7.62 ₹ supports earnings visibility.

Limitation

• Stock trading below both 50 DMA and 200 DMA reflects bearish trend.
• High debt-to-equity ratio (6.76) raises leverage concerns.
• ROCE (7.82%) and ROE (11.9%) remain modest compared to peers.
• Weak momentum indicators (RSI and MACD).

Company Negative News

• Quarterly PAT declined sharply from 372 Cr. to 112 Cr. (-88.1%).
• FII holdings decreased (-0.90%), showing reduced foreign investor interest.
• Stock corrected significantly from its 52-week high of 192 ₹.

Company Positive News

• DII inflows (+1.30%) reflect confidence in long-term growth.
• EPS of 7.62 ₹ provides valuation support.
• Dividend yield of 1.01% adds shareholder value.

Industry

• Industry P/E at 14.7, lower than BANDHANBNK’s 19.7, suggesting premium valuation.
• Banking sector outlook remains stable with strong credit demand despite near-term profitability pressures.

Conclusion

⚖️ BANDHANBNK is consolidating with weak RSI and negative MACD, showing short-term weakness but holding near support. Traders may consider entry around 145–150 ₹ with exits near 160–170 ₹. The stock is consolidating, awaiting breakout above 163 ₹ for trend reversal.