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Stock analysis Bandhan Bank Limited BANDHANBNK

More indepth analysis on MunafaSutra.com

Moving Averages for Bandhan Bank Limited

  • 5Day Average: 162.92
  • 12Day Average: 165.91
  • 20Day Average: 169.39
  • 50Day Average: 173.93
  • 100Day Average: 186.52
  • 150Day Average: 190.89
  • 200Day Average: 189.16

BANDHANBNK Indicators & signals

Indicator MACD (12,26,9)

165.69, 169.19, -3.1
Indicator MACD is in negative zone

Indicator ADX (14)

40.09, 14.44, 33.76
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BANDHANBNK Bandhan Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 161.47 160.51 to 167.10 -3.04% 1.86 times
24 Tue Dec 2024 166.54 163.50 to 167.38 1.31% 0.93 times
23 Mon Dec 2024 164.38 158.20 to 165.41 3.35% 1.48 times
20 Fri Dec 2024 159.05 157.01 to 164.48 -2.52% 0.98 times
19 Thu Dec 2024 163.17 160.55 to 164.49 -0.48% 0.53 times
18 Wed Dec 2024 163.95 162.80 to 165.00 0% 0.81 times
18 Wed Dec 2024 163.95 162.80 to 165.00 0.05% 0.81 times
17 Tue Dec 2024 163.87 163.25 to 169.80 -3.51% 2.12 times
16 Mon Dec 2024 169.83 168.51 to 170.62 0.06% 0.6 times
13 Fri Dec 2024 169.73 165.61 to 171.00 -0.46% 1.08 times
12 Thu Dec 2024 170.51 170.02 to 174.32 -2.24% 0.67 times
11 Wed Dec 2024 174.42 174.25 to 176.68 -0.59% 0.38 times

Technical analysis forecast for Bandhan Bank Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bandhan Bank Limited BANDHANBNK at this time. Stock is falling and might fall more.

It appears as if Bandhan Bank Limited BANDHANBNK gave a large move recently.

Stock of Bandhan Bank Limited (BANDHANBNK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Bandhan Bank Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bandhan Bank Limited stays below 162.1, but if it comes above 162.1, then a intra day buy could be more profitable.
If you take a sell trade below 162.1, then use 162.1 as stoploss and 155.3 as target. However if you take a buy trade in Bandhan Bank Limited, then use 162.1 as stoploss and 167.77 as target.

More indepth analysis on MunafaSutra.com