BANDHANBNK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | BANDHANBNK | Market Cap | 26,320 Cr. | Current Price | 163 ₹ | High / Low | 192 ₹ |
| Stock P/E | 26.1 | Book Value | 153 ₹ | Dividend Yield | 0.92 % | ROCE | 7.82 % |
| ROE | 11.9 % | Face Value | 10.0 ₹ | DMA 50 | 166 ₹ | DMA 200 | 162 ₹ |
| Chg in FII Hold | -1.12 % | Chg in DII Hold | 0.94 % | PAT Qtr | 206 Cr. | PAT Prev Qtr | 112 Cr. |
| RSI | 43.4 | MACD | 1.02 | Volume | 82,99,453 | Avg Vol 1Wk | 1,44,20,058 |
| Low price | 134 ₹ | High price | 192 ₹ | PEG Ratio | 0.15 | Debt to equity | 6.76 |
| 52w Index | 50.2 % | Qtr Profit Var | -51.8 % | EPS | 6.25 ₹ | Industry PE | 14.8 |
📈 Chart & Trend Analysis: BANDHANBNK is trading near its 200 DMA (162 ₹) but slightly below its 50 DMA (166 ₹), with the current price at 163 ₹. This indicates consolidation with mild bearish bias.
📊 Momentum Indicators: RSI at 43.4 shows weak momentum, leaning towards oversold territory. MACD at 1.02 is marginally positive, suggesting a weak bullish crossover but lacking conviction.
📉 Bollinger Bands & Volume: Price is near the lower band, suggesting potential support but also weakness. Current volume (82,99,453) is below weekly average (1,44,20,058), showing reduced participation and lack of strong buying interest.
🔑 Support & Resistance Zones:
- Support: 162 ₹ (200 DMA), 134 ₹ (major low)
- Resistance: 166 ₹ (50 DMA), 175–180 ₹ (trendline resistance), 192 ₹ (recent high)
Optimal Entry: 160–165 ₹ (near support)
Optimal Exit: 175–180 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with bearish bias, showing weak momentum and indecision around moving averages.
Positive
- EPS of 6.25 ₹ supports valuation strength.
- Quarterly PAT improved to 206 Cr. from 112 Cr., showing earnings recovery.
- DII holding increased (+0.94%), reflecting domestic institutional support.
- Dividend yield of 0.92% provides shareholder returns.
Limitation
- ROCE (7.82%) and ROE (11.9%) are modest compared to peers.
- High debt-to-equity ratio (6.76) indicates leveraged balance sheet.
- Weak RSI and low volume participation limit breakout potential.
- P/E (26.1) is significantly higher than industry average (14.8), suggesting stretched valuation.
Company Negative News
- FII holding decreased (-1.12%), showing reduced foreign investor confidence.
- Quarterly profit variation (-51.8%) indicates earnings pressure despite recovery.
Company Positive News
- DII holding increased (+0.94%), showing strong domestic institutional support.
- Quarterly PAT recovery (+84% sequential growth) indicates improving earnings momentum.
Industry
- Industry PE at 14.8 is much lower than BANDHANBNK’s PE (26.1), suggesting premium valuation compared to peers.
- Banking sector outlook remains stable with credit growth, though asset quality concerns persist for smaller banks.
Conclusion
⚖️ BANDHANBNK is consolidating with bearish bias, trading near its 200 DMA with weak momentum signals. Fundamentals show earnings recovery and dividend support, but high leverage, modest ROE/ROCE, and stretched valuation limit upside. Traders may consider entry near 160–165 ₹ with exits around 175–180 ₹. Momentum confirmation is needed before aggressive positioning, as short-term signals remain weak despite improving profits.
Would you like me to extend this into a peer benchmarking overlay comparing BANDHANBNK against other mid-tier private banks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?