Bandhan Bank Daily Chart Analysis and Detailed Report (September 29, 2025):
Price Action & Recovery
Bandhan Bank opened at ₹155.75, touched a low of ₹155.75, a high of ₹162.65, and closed strong at ₹162.15, showing a substantial recovery throughout the day after early weakness. The stock gained around 4% intraday, supported by buying interest near ₹155 levels.
Technical Indicators
- RSI (14): Around 47, indicating neutral momentum with signs of improving strength.
- MACD: Shows decreasing bearish pressure with a slight positive crossover in the histogram.
- Moving Averages: The stock currently trades below 50DMA, 100DMA, and 200DMA but closed above the short-term EMA, signaling buyers coming back in the short term.
- Parabolic SAR: Dots have shifted below candle bodies, suggesting a short-term upward momentum and potential reversal.
Support & Resistance Levels
- Pivot Point: 155.80
- Supports: 153.75 (S1), 152.47 (S2)
- Resistances: 157.08 (R1), 159.13 (R2), 160.41 (R3)
The stock closed above the immediate support level S1 and is moving towards resistance. A sustained move above 162 could open targets at ₹168-170.
Fundamental and Sentiment Update
- The company reported weak quarterly profits but showed solid growth in deposits and retail term deposits year-over-year.
- Bandhan Bank has no pledged shares, and its long-term fundamentals remain relatively strong.
- The banking sector saw selective buying interest which, along with broader market support, helped Bandhan recover intraday.
- Trading window closure ahead of Q2 results (ending Sept 30) might have reduced speculative volatility.
Long-term View:
Bandhan Bank has strong fundamentals with consistent growth in deposits and retail business. The stock is expected to benefit from increasing market share in microfinance and retail banking. Over 1-2 years, positive earnings growth and solid capital adequacy could drive the stock higher towards ₹180-200 levels. Investors with a long-term horizon may consider accumulating on dips near key support zones.
Medium-term View:
In the medium term (3-6 months), the stock is in a consolidation phase with technical support near ₹150-155. The upcoming quarterly results and broader banking sector recovery will be key triggers. A clear breakout above ₹165 could foster momentum towards ₹170-175, while sustained weakness below support may cause volatility.
Short-term View:
Short term (days to weeks) shows a recovery after recent corrections, with intraday momentum improving. Immediate resistance is seen near ₹162-165. Cautious buying on dips near ₹155 with tight stop losses is advisable due to potential volatility before quarterly results.
Conclusion
Today’s intraday recovery in Bandhan Bank is driven by short covering, value buying near support levels, and sectoral and broader market positive sentiment. While fundamentals show no major updates today, anticipated Q2 results, strong deposit growth, and technical bounce support the positive momentum.
Trading Outlook: A sustained move above ₹162 may lead to further upside with resistance at ₹168-170. Support zones near ₹155-153 appear robust for stop-loss placement. Caution advised as the stock is below major moving averages and awaiting confirmation for a sustained trend reversal.
Disclaimer:
This analysis is based on available technical and fundamental data as of the date mentioned and is strictly for informational purposes only. It does not constitute investment advice or recommendation to buy/sell any securities. Investors should conduct their own research and consider risk factors before making investment decisions. Market conditions can change rapidly.
Disclosure:Daily Chart Analysis of BANDHANBANK on 30092025
The analyst or their associates may hold positions in Bandhan Bank or related securities. They may have business relationships with the company/entities mentioned. There is no guarantee of future performance. Past performance is not indicative of future results.