| CMP# | 624.25 |
| Idea | BUY |
| Buy Range | 605 – 615 |
| Target | 670 – 680 |
| StopLoss* | 593 |
| Duration | 12 – 15 Trading Sessions |
| Potential Return^ | 7 – 9% |
| CMP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Return^ |
| 624.25 | BUY | 605 – 615 | 670 – 680 | 593 | 12 – 15 Trading Sessions | 7 – 9% |
# CMP on Oct 29, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 647.
^ The returns are calculated based on CMP#
COMPANY OVERVIEW
Bandhan Bank Limited is a Indian commercial bank, operates through Treasury, Retail Banking, Corporate Banking and offers savings and current accounts, fixed deposits etc. The bank also provides home loans, two-wheeler loans, gold loans, MSME loans, business loans, working capital loans, agricultural loans etc. Bandhan Bank posts 99% jump in net profit at Rs 971.80 crore in Q2FY19; net interest income improved by 42%.
| Stock Data | |
| NSE Code | BANDHANBNK |
| Sectoral Index | Nifty Bank |
| 52W High | 650 |
| 52W Low | 368.1 |
| Face Value | 10 |
TECHNICAL OBSERVATIONS (WEEKLY)
- Stock Price has recently made Breakout above the true crucial Weekly Resistance, at 580.
- The stock formed well defined Symmetrical Triangle Pattern over the last one year and a breakout above the upper side shows bullishness.
- Price has been holding above all important Moving Average parameters.
TECHNICAL OBSERVATIONS (DAILY)
- Higher Tops and Higher Bottoms at Daily Chart.
- ADX and +DI both above 25 indicate buying momentum and probable further price rise.
CONCLUSION - Bandhan Bank SHARE PRICE FORECAST
Based on our short term delivery trading tips, Bandhan Bank share price target will be 670 – 680 in the next few days.