Thesis:
Bandhan Bank has broken out above the ₹185 zone after constructing a multi-month rounded base between ₹130 and ₹185. This marks the first major structural reversal after a multi-year downtrend. The breakout is backed by above-average volume and positive momentum.
Technical Structure:
Breakout Level: ₹180
Current Price: ₹189.64
Volume Surge: 11.4M (above 20-day average)
RSI (14): 67.5 — trending strong, near breakout zone
Targets:
₹215 (13.8% upside) — measured move of near-term range
₹259 (25% upside) — major horizontal resistance from 2022
Disclaimer:
Not a recommendation. For educational use only. Position already held from earlier. This post reflects personal strategy execution in a structured portfolio.
Bandhan Bank has broken out above the ₹185 zone after constructing a multi-month rounded base between ₹130 and ₹185. This marks the first major structural reversal after a multi-year downtrend. The breakout is backed by above-average volume and positive momentum.
Technical Structure:
Breakout Level: ₹180
Current Price: ₹189.64
Volume Surge: 11.4M (above 20-day average)
RSI (14): 67.5 — trending strong, near breakout zone
Targets:
₹215 (13.8% upside) — measured move of near-term range
₹259 (25% upside) — major horizontal resistance from 2022
Disclaimer:
Not a recommendation. For educational use only. Position already held from earlier. This post reflects personal strategy execution in a structured portfolio.
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