Bandhan bank is one of the major supporting bank of bank nifty. But from some days it is showing downfall.
What is the reason ?
The biggest reason behind this downfall is its increasing NPA (Non- profitable- Assets) which means those assets which bank provided as loans but the consumer not paid their loan yet now.
On the daily chart rounding bottom pattern is forming but there is existence of three black cows backing the stock to downfall.
The major support is on 315.80. If the stock bounced back from this level then it can show the levels of 322 and more
So, add it in your watchlist.
What is the reason ?
The biggest reason behind this downfall is its increasing NPA (Non- profitable- Assets) which means those assets which bank provided as loans but the consumer not paid their loan yet now.
On the daily chart rounding bottom pattern is forming but there is existence of three black cows backing the stock to downfall.
The major support is on 315.80. If the stock bounced back from this level then it can show the levels of 322 and more
So, add it in your watchlist.