BANDHAN BANK LTD
Long

Bandhan Bank (NSE Cash)

156
Bandhan Bank (NSE Cash)
LTP: 337.95
Support: 335.05
Resistance: 344.75 / 349.90 / 357.70

Market cap: 529.649B
Vol: 2.21M
Rel vol: 0.28
Avg vol: 10.191M
Float: 681.681M
***Technical data looks good

Daily charts (long term)
The charts are in an uptrend.
20 DEMA is below 100 DEMA but there is a reversal.
MACD is showing a bullish reversal in the bear zone so we will consider it as neutral.
RSI has crossed the 50 mark and is trading in the bull zone.
***Bullish chart

Hourly charts (medium term)
An awesome green candle with momentum.
20 DEMA has crossed the 100 DEMA which is a bullish signal.
Volumes are in green which again is good.
MACD is in the bullish zone with a bullish pattern.
RSI is above the 70 mark. We can see a bull run once it crosses and sustain above the 80 mark.
***Bullish chart

15m charts (short term)
Beautiful high top high bottom formation of candles.
DEMA is aligned.
Volumes are good.
MACD is in a sharp uptrend.
RSI is closing the 70 levels which is a strong sign as well.
***Buy for short term targets of 345 / 355

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