Thesis:
Bandhan Bank has broken out above the ₹185 zone after constructing a multi-month rounded base between ₹130 and ₹185. This marks the first major structural reversal after a multi-year downtrend. The breakout is backed by above-average volume and positive momentum.
Technical Structure:
Breakout Level: ₹180
Current Price: ₹189.64
Volume Surge: 11.4M (above 20-day average)
RSI (14): 67.5 — trending strong, near breakout zone
Targets:
₹215 (13.8% upside) — measured move of near-term range
₹259 (25% upside) — major horizontal resistance from 2022
Disclaimer:
Not a recommendation. For educational use only. Position already held from earlier. This post reflects personal strategy execution in a structured portfolio.
Bandhan Bank has broken out above the ₹185 zone after constructing a multi-month rounded base between ₹130 and ₹185. This marks the first major structural reversal after a multi-year downtrend. The breakout is backed by above-average volume and positive momentum.
Technical Structure:
Breakout Level: ₹180
Current Price: ₹189.64
Volume Surge: 11.4M (above 20-day average)
RSI (14): 67.5 — trending strong, near breakout zone
Targets:
₹215 (13.8% upside) — measured move of near-term range
₹259 (25% upside) — major horizontal resistance from 2022
Disclaimer:
Not a recommendation. For educational use only. Position already held from earlier. This post reflects personal strategy execution in a structured portfolio.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.