BANDHANBNK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.7

📉 BANDHANBNK is currently consolidating with bearish momentum. While MACD is slightly positive, RSI and price action below key averages suggest caution.

📊 Technical Analysis Summary

• Trend Status: Consolidating with downside bias
• RSI (38.9): Weak momentum — nearing oversold zone
• MACD (0.92): Slightly positive — early signs of stabilization
• Volume: Significantly above 1-week average — high activity, possibly institutional
• DMA 50 & 200: Price below both — bearish structure
• Bollinger Bands: Price near lower band — potential for technical bounce

🎯 Entry & Exit Zones

• Support Levels: ₹150, ₹145, ₹138
• Resistance Levels: ₹166, ₹172, ₹180
• Optimal Entry: ₹150–₹158 (if RSI rebounds)
• Exit Target: ₹172–₹180 (short-term resistance)

✅ Positive

• ROE (11.9%) and ROCE (7.82%) — stable efficiency metrics
• EPS of ₹7.62 — consistent earnings
• Dividend yield of 0.96% — modest income potential
• DII holding increased by 1.30% — domestic investor confidence

⚠️ Limitation

• Price below 50 DMA and 200 DMA — bearish signal
• RSI below 40 — weak momentum
• High debt-to-equity ratio (6.76) — leverage risk
• PEG ratio (0.12) — limited growth visibility

📉 Company Negative News

• Quarterly PAT dropped from ₹372 Cr to ₹112 Cr — 88.1% decline
• FII holding declined by 0.90% — sentiment softening

📈 Company Positive News

• Strong volume surge — potential accumulation
• MACD turning positive — early signs of momentum recovery

🏭 Industry

• Sector: Banking / Financial Services
• Industry P/E: 14.5 vs BANDHANBNK’s P/E: 20.7 — slightly overvalued
• Sector outlook stable with digital and rural banking expansion

🧾 Conclusion

• BANDHANBNK is consolidating with weak technical momentum
• Entry near ₹150–₹158 with targets at ₹172–₹180
• Monitor RSI and MACD for signs of reversal
• Short-term traders should be cautious; long-term investors may wait for confirmation