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Stock analysis Bandhan Bank Limited BANDHANBNK

More indepth analysis on MunafaSutra.com

Moving Averages for Bandhan Bank Limited

  • 5Day Average: 200.52
  • 12Day Average: 198.54
  • 20Day Average: 198.38
  • 50Day Average: 199.88
  • 100Day Average: 195.54
  • 150Day Average: 194.54
  • 200Day Average: 204.36

BANDHANBNK Indicators & signals

Indicator MACD (12,26,9)

199.22, 199.29, -0.26
Indicator MACD is in negative zone

Indicator ADX (14)

2.01, 23.17, 24.13
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
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 Fri Sep 2024 196.33 195.80 to 203.60 -3.6% 0.73 times
05 Thu Sep 2024 203.66 200.02 to 208.25 2.03% 1.02 times
04 Wed Sep 2024 199.61 196.50 to 203.44 -0.87% 0.71 times
03 Tue Sep 2024 201.37 200.71 to 204.60 -0.12% 0.52 times
02 Mon Sep 2024 201.61 199.38 to 203.64 0.65% 0.51 times
30 Fri Aug 2024 200.30 195.04 to 201.92 3.28% 4.09 times
29 Thu Aug 2024 193.93 191.64 to 197.44 0% 0.79 times
29 Thu Aug 2024 193.93 191.64 to 197.44 0% 0.79 times
29 Thu Aug 2024 193.93 191.64 to 197.44 -1.39% 0.79 times
28 Wed Aug 2024 196.66 196.12 to 202.84 -2.19% 0.48 times
27 Tue Aug 2024 201.06 198.62 to 202.24 0.5% 0.3 times
26 Mon Aug 2024 200.06 199.61 to 203.00 -0.82% 0.26 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Bandhan Bank Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 194.7 as stoploss in an intra day buy trade for a target of 199.24. However, stock will show a bearish move below 194.7.

More indepth analysis on MunafaSutra.com