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Bandhanbank

LONG TERM INVESTMENT PICK - BANDHAN BANK - READY TO TAKE OFF ?SYMBOL - BANDHANBNK Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. This company is fundamentally good. having 32,800 cr. market cap, Bandhan Bank is currently trading 11 P/E. This stock is in a downtrend since a long time. Currently trading at 200 which is a long term strong demand zone. Long positions can be made at CMP 200 with stoploss of 170. I believe this stock can be next multibagger & this is a great investment pick at current levels. Targets can be 600 & 700 which is ATH & beyond. Disclaimer - I have invested my investment allocation today. Do not consider this as buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:BANDHANBNKLong
by akshit_official
3
Bandhan Bank: Momentum Builds, Can It Break Resistance?Technical Analysis of Bandhan Bank: Bandhan Bank is currently in an accumulation phase, characterized by relatively high trading volumes. The stock is showing strong weekly momentum, suggesting potential upward movement. Key resistance levels have been identified, with Resistance 1 at 258 and Resistance 2 at 345. However, with the Nifty index trading at its peak, a broader market correction could make these targets harder to reach in the near term. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Editors' picks
NSE:BANDHANBNK
by sandeepbalachandran
2
BANDHANBNK - Symmetrical triangle Breakout - DailyName - BANDHANBNK Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 207 Target - 242 SL - 203 Bandhan Bank’s Q1 FY25 performance: Financial Highlights Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1. Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1. Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1. Analyst Ratings Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401. Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751. Consensus: The average target price from multiple analysts is around INR 2192. Intrinsic Value The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3. CRISIL Ratings CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+' Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:BANDHANBNKLong
by VCharts_TA
BANDHAN BANK - POTENTIAL 3X CANDIDATE - MID TERM - BULLISHHi Folks, Bandhan bank made a top in Aug 2018 and since then it is in downward trend. News regarding poor top management, high NPA, low NII and other fundamental issues has been circling around till recent past. Now, there are few positives in their performance forecasts in con calls and rating updates. Stock might try to give a breakout from bearish territory, but solely depend on smart money coming to play. For now, the deliveries are not indicating decent accumulation but chart patterns are indicating a possible reversal. Technical Analysis 1. There is a solid demand zone established from 2020 till date. Price has bounced whenever there is price action near this zone. Zone is marked on the chart. 2. There is a similar price action from this zone this time. 3. First, there is an immediate supply zone it has to break and absorb selling there. 4. Second, there is a falling trendline which should be broken convincingly to change the structure to HH-HL. 5. Bullish hidden divergence can be observed on weekly charts. 6.Potential targets can be 3X atleast. Not a trading reco, please do your own due diligence.
NSE:BANDHANBNKLong
by KunalSaxena10
Hoping for a good Breakout in StockHi All… Greetings! Today I’m sharing with you Bandhan Bank Ltd. Weekly Chart. I’m hoping for a good break out in the stock. The stock has been a under performer from a long time. I think it would a good time to invest in the stock. In the coming time I think it should give good returns. Thanking You Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
NSE:BANDHANBNKLong
by NikhilChoudhary2023
BreakoutA breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Script = Bandhanbank Time Frame = 1 Day
NSE:BANDHANBNKLong
by Jainshashwat
BANDHAN BANK - Bullish Momentum with VolumesNSE: BANDHANBNK is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 14% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BANDHANBNKLong
by BrahmaBull31
Bandhan Bank - Short Term SetupThe stock has formed a good support base at 210 since July 23. In recent sessions, there seems a support of 220. There is a gap formed at the above side at around 236. If maintain the support of 220 in the coming sessions, may go to test the gap at 236, and the further target comes around 245. If sustaining below 220, there should be an exit. This is my observation shared for learning and sharing purposes, not a bit of trading advice in any form. All the best.
NSE:BANDHANBNKLong
by anandlive
2
BANDHANBNK - Add to WatchlistBANDHANBNK -- currently trading below all indicators. But looks like this will bounce back from long term support level of 210 and should see some reversal in short term. On Daily Time frame: If breakout on this, we should see 245-250 levels and if any momentum pickup with good news/results - we should see 255 level takeout. On Weekly time frame: Stock is continuously trading in a falling wedge and with any breakout, we should see good upside. Add to watchlist. This is my perception and not a recommendation to any
NSE:BANDHANBNKLong
by rvc8280