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Technicals for Bandhan Bank Limited
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
Bandhan Bank Limited's stock dived -2.63% today, marking a awful performance in the market. On 2025-06-12, BANDHANBNK's stock opened at 182.47, reached a peak of 183.6, dropped to 176.87, and ended -2.63% down at 177.68, with a volume of 5122864 shares. Over the previous 52 weeks, the stock reached a high of 219.77 and a low of 130.31. Analysts predict that the future price will fluctuate between 130.0 and 225.0, with the mean expected price being approximately 181.12.
Technicals
Support and Resistance: At 177.68, the price for BANDHANBNK is supported at 172.75 and resisted at 186.24. This indicates a trading range where 172.75 serves as a support level, potentially preventing further decline, while 186.24 could limit upward movement. Support/Resistance for BANDHANBNK
Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Bandhan Bank Limited. This suggests a period of market balance, where neither side is showing dominance. Aroon chart for Bandhan Bank Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for Bandhan Bank Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Bandhan Bank Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for BANDHANBNK, with no strong trend emerging. Stochastic chart for Bandhan Bank Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory. Tripple SMA chart for Bandhan Bank Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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