BANDHANBNK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | BANDHANBNK | Market Cap | 33,113 Cr. | Current Price | 206 ₹ | High / Low | 213 ₹ |
| Stock P/E | 27.1 | Book Value | 157 ₹ | Dividend Yield | 0.73 % | ROCE | 6.41 % |
| ROE | 4.91 % | Face Value | 10.0 ₹ | DMA 50 | 184 ₹ | DMA 200 | 169 ₹ |
| Chg in FII Hold | -0.25 % | Chg in DII Hold | 3.57 % | PAT Qtr | 534 Cr. | PAT Prev Qtr | 206 Cr. |
| RSI | 66.3 | MACD | 5.06 | Volume | 1,34,56,168 | Avg Vol 1Wk | 1,28,86,706 |
| Low price | 134 ₹ | High price | 213 ₹ | PEG Ratio | -1.53 | Debt to equity | 7.15 |
| 52w Index | 91.1 % | Qtr Profit Var | 68.0 % | EPS | 7.60 ₹ | Industry PE | 14.8 |
- 📈 Chart Patterns: BANDHANBNK is trading at 206 ₹, close to its recent high of 213 ₹. Support lies around 200–202 ₹, resistance near 210–213 ₹. Trendlines suggest strong recovery momentum with bullish undertone.
- 📊 Moving Averages: Price is well above 50 DMA (184 ₹) and 200 DMA (169 ₹), confirming medium- and long-term strength.
- 📉 RSI: At 66.3, RSI is moderately overbought, signaling caution for fresh entries.
- 📈 MACD: Positive (5.06), confirming bullish divergence and momentum strength.
- 📊 Bollinger Bands: Price is near the upper band, indicating volatility expansion and possible resistance zone.
- 📊 Volume Trends: Current volume (1,34,56,168) is slightly above weekly average (1,28,86,706), showing strong participation and accumulation interest.
- 📌 Momentum Signals: Entry zone around 200–202 ₹; exit zone near 210–213 ₹.
- 🔄 Trend Status: Trending strongly with bullish bias.
Positive
- PAT growth (+68%, 534 Cr. vs 206 Cr.) shows strong earnings momentum.
- EPS of 7.60 ₹ provides earnings base.
- Price above both 50 DMA and 200 DMA confirms bullish structure.
- DII holdings increased (+3.57%), showing strong domestic investor confidence.
- Dividend yield of 0.73% adds shareholder value.
Limitation
- RSI near overbought zone, limiting immediate upside.
- Debt-to-equity ratio high at 7.15, raising leverage concerns.
- ROCE (6.41%) and ROE (4.91%) remain weak compared to peers.
- P/E of 27.1 vs industry average of 14.8 suggests premium valuation.
Company Negative News
- High leverage compared to peers.
- Decline in foreign investor confidence (FII holdings -0.25%).
Company Positive News
- Quarterly profits improved significantly.
- Strong domestic institutional inflows.
- Technical strength above DMA levels.
Industry
- Industry P/E at 14.8 highlights sector trading at lower multiples.
- Banking sector remains resilient but faces valuation pressure.
Conclusion
BANDHANBNK is trending upward with bullish technical signals supported by strong quarterly earnings and domestic inflows. Entry near 200–202 ₹ offers favorable risk-reward, with exit around 210–213 ₹. High leverage and overbought RSI limit upside, so trades should be managed with strict stop-loss discipline.
Would you like me to extend this into a peer benchmarking overlay comparing BANDHANBNK against other private banks, or refine it into a swing trade outlook with medium-term targets?