After Reporting Excellent Results Stock Is Ready For 50% Upside

✅The stock is approaching a 3.6-year-old resistance level within a downward sloping channel. After multiple rejections at this resistance, the recent breakout attempt is supported by a significant increase in volume and a bullish divergence in the RSI, indicating strong buying momentum. If the stock sustains above 225, it could trigger a rally towards 325-350 levels.

✅ Bandhan Bank reported a strong quarterly performance with net profit rising by 25% YoY to ₹807 crore in Q1 FY24, driven by lower provisioning and robust loan growth. The bank’s microfinance segment continues to show resilience, contributing significantly to its overall profitability.