Bandhan Bank_Long_Support & Resistance

No Buy or Sell call or swing trade suggestions. Only to find the periodical/historical support and resistance to pick up and drop the stock. Bandhan bank is a clean sweep from top and waiting for the U-turn, so wait and watch for the upward curve, but accumulate slowly in (SIP) weekly dips or monthly dips in few quantities where relies on support levels.

MCAP>₹ 28,000 Cr., CMP=close to 52 week Low, PE<Ind PE, PEG<1, RoE>10.
Since 2018, FII increased their stake from 10% to >30% and DII from 2% to >12% on Mar 2024 as well.

High Debt, RoCE<10, Dividend Yield<1, Net NPA>2
Since 2018, Promoters reduced the stake (halved) from >80 to <40 and public holdings also increased from >6% to >16% on Mar 2024.
Chart PatternsTechnical Indicators

免責事項