Bandhan Bank Ltd

Bandhan Bank is currently showing a potential reversal from a support zone around ₹193.18. The stock has seen a bounce after a prolonged downtrend, signaling possible buying interest at lower levels.

Key Levels:

Entry: ₹198.72 (current level)
Target: ₹209.56 (+5.34%)
Stop Loss: ₹193.18 (-2.56%)
Technical Outlook: The stock has formed a bullish candlestick pattern on the daily chart, confirming the support level at ₹193.18. The risk/reward ratio stands at 2.08, making this setup attractive for a short-term trade. Volume spikes suggest institutional buying at lower levels, adding confidence to the bullish outlook.

Strategy:

Buy Zone: Around ₹198.72
Target: ₹209.56
Stop Loss: Below ₹193.18
Risk/Reward Ratio: 2.08

Disclaimer: This analysis is for educational purposes only. Please do your own research or consult with a professional financial advisor before making any trading decisions.