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Stock analysis Bandhan Bank Limited BANDHANBNK

More indepth analysis on MunafaSutra.com

Moving Averages for Bandhan Bank Limited

  • 5Day Average: 187.48
  • 12Day Average: 183.38
  • 20Day Average: 183.95
  • 50Day Average: 188.31
  • 100Day Average: 209.06
  • 150Day Average: 215.8
  • 200Day Average: 219.58

BANDHANBNK Indicators & signals

Indicator MACD (12,26,9)

185.23, 185.56, -1.72
Indicator MACD is in negative zone

Indicator ADX (14)

4.59, 27.11, 29.72
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
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
06 Mon May 2024 186.85 184.30 to 189.50 -0.4% 0.87 times
03 Fri May 2024 187.60 186.90 to 192.55 -1.65% 0.81 times
02 Thu May 2024 190.75 188.50 to 191.30 1.3% 1.04 times
30 Tue Apr 2024 188.30 183.70 to 190.10 2.39% 2.03 times
29 Mon Apr 2024 183.90 182.00 to 185.00 -0.16% 0.65 times
26 Fri Apr 2024 184.20 183.60 to 185.85 -0.22% 0.6 times
25 Thu Apr 2024 184.60 182.25 to 185.75 0.41% 0.92 times
24 Wed Apr 2024 183.85 183.35 to 185.50 0.55% 0.97 times
23 Tue Apr 2024 182.85 181.10 to 183.30 1.13% 1 times
22 Mon Apr 2024 180.80 175.25 to 181.50 4.18% 1.17 times
19 Fri Apr 2024 173.55 170.30 to 174.85 0.14% 0.81 times
18 Thu Apr 2024 173.30 173.00 to 177.05 -0.32% 1.01 times

Technical analysis forecast of Bandhan Bank Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bandhan Bank Limited BANDHANBNK at this time. Stock is rising and might rise more.

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

Stock of Bandhan Bank Limited (BANDHANBNK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Bandhan Bank Limited is bullish for shortterm, and stock might move up till 191.5 or till 199.4. Use a stoploss of 184.95 and if this stock hits its stoploss, then it can fall down till 178.37

More indepth analysis on MunafaSutra.com