Bandhan Bank trying to change trend with volume.Bandhan Bank Ltd. engages in the provision of banking and financial services. It operates through the following segments: Treasury, Retail Banking, Corporate and Wholesale Banking, and Other Banking Business. Bandhan Bank Ltd CMP is 210.26. The Negative aspects of the company are MFs decreased their shareholding last quarter and Inefficient use of capital to generate profits - RoCE declining in the last 2 years. The positive aspects of the company are Company with Zero Promoter Pledge, Rising Net Cash Flow and Cash from Operating activity, Company with high TTM EPS Growth and Growth in Net Profit with increasing Profit Margin (QoQ). Entry can be taken after closing above 212. Targets in the stock will be 223 and 241. The long-term target in the stock will be 254 and 262. Stop loss in the stock should be maintained at Closing below 188 or 183.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Bandhanbankltd
Bandhan Bank poised for a strong upside of around 700%Since December 2020 price has been moving in a down trend, it has formed a complex triple correction WXYXZ pattern.
Looks like the wave II correction is over now and price is at the initiation of wave III.
Wave III target should be around 910 level, which is around 330% from CMP and can be achieved in medium to long term (1 year approx.)
If you are a conservative investor, you can buy once break out happens at the trend line resistance at around 250 level.
Stop loss @ 170
Other targets highlighted as per your investment horizon.
Do your own due diligence before taking any action.
Peace!!
Bandhan bank 76.58% downBandhan Bank is currently 76.58% down from it's lifetime high at a time when all the indices are at their peak. It is currently highly undervalued and I do not see the stock going down any further from this price point. The company is showing constant profits and the sales have been increasing. The share should be at around 500 levels at least. Do share your views in the comment box.
Please invest after doing your own analysis.
Do like and follow.
Thank you.
BANDHAN BANK: Underperforming name in banking spacestock is strong downtrend
its one of theweakmost names in banking space
with banking index trading near all time high
this stock is at 52 week lows and not just that but at 3 year lows
such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark
Bandhan bank trying to break it's bondages (bandhans)Bandhan Bank Ltd. is a banking and financial services company present in 35 out of 36 states and union territories of India, with 6,140 banking outlets and 3.07 crore customers. The Bank provides range of personal, business and NRI banking facilities.
Bandhan Bank CMP is 243.40. The Negative aspects of the company are declining cash from operations annual and MFs are decreasing stake. The Positive aspects of the company are improving annual net profits, low debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 247. Targets in the stock will be 255 and 273. Long term targets in the stock will be 291 and 314. Stop loss in the stock should be maintained at closing below 182.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Bandhan Bank at Demand AreaAs per analysis, NSE:BANDHANBNK is trading at demand area of 217 and respect's support level of 210. This could be best risk and reward opportunity to go long at level of 217 with strict stop loss of 295 (-22). My expected upside target would be 247 (+30) & 264 (+47). It mat take 6-9 weeks to get upside levels.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Bandhan Bank : Reversal from 20EMA#BANDHANBANK after QoQ result stock was falling but got the support over 20EMA. Forming the symmetrical triangle pattern on 15 min Chart.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch %k crossed above %D
DI+ is treading above DI-
Got support over Bolinger Band mid line
ATR is decreasing and now below 20
Short cover
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Support : 347.80 and 343.65
Breakdown : 349.50
LTP : 353
Breakout : 366
Short Target : 359 and 368
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Positive & Negative Point:
1) Neutral in Daily/Weekly and bearish in monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
BANDHAN BANK Today low 200EMA while High 200SMA - Level & TargetBandhan Bank said it has seen an improvement in repayments by microfinance borrowers and collection efficiency has improved to 70% in value terms.
Since 5 session stock is showing +ve movement while Today saw High Trade and Delivery with good volume, Because of this stock crossed the 200EMA and touched the 200SMA but closed below 200SMA.
Showing BULLISH in all indicator:
Close crossing last month High
Stock outperforming from Benchmark and Sectoral Index
PSAR is howing Bullish
CCI in overbought
RSI in overbought
Stoch in overbought
MFI above 80
Aggressive New Long
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Support : 371
Breakdown : 386
CMP : 394.70
Breakout : 401
Short Target : 425
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Negative Point:
1) Neutral Risk
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(Disclaimer: This is only for educational purpose.)