Bandhan Bank Limited (Weekly Chart)

CMP: ~₹187 Structure: 1-Year Rectangle Breakout Breakout Level: ₹185 🟢 What’s Happening Here This is a clean range breakout after nearly a year of sideways movement. Range: Support: ₹135–₹140 Resistance: ₹185 Now price has decisively closed above ₹185 with a strong bullish weekly candle (+9%). This is not a minor breakout — it’s a structural shift. 📐 Measured Move Range height ≈ ₹50 Projection: ₹185 + ₹50 ≈ 🎯 ₹235–₹240 That matches the blue projection box on your chart (~₹240). Upside potential ≈ 25–27% from breakout zone. 🔥 Why This Is Strong ✔ Multi-month accumulation ✔ False breakdowns absorbed earlier ✔ Strong wide-range breakout candle ✔ Banking sector showing rotation strength This is classic base → expansion setup. 📊 Key Levels Immediate Support: ₹175 Breakout Retest Zone: ₹180–₹185 Major Support: ₹160 Invalidation: Weekly close below ₹170 weakens structure. 🧠 Character vs Other Banks You Shared Compared to: Axis Bank Limited → already trending Union Bank of India → momentum extended Bank of Maharashtra → breakout earlier Bandhan is at early breakout stage. Risk-reward is actually cleaner here than extended PSU names. 📈 If Momentum Continues Targets: 1️⃣ ₹205 (minor supply) 2️⃣ ₹225 3️⃣ ₹235–₹240 (measured move) If banking index stays strong, ₹250 is not impossible over medium term. 🎯 Strategy View Aggressive: Hold above ₹180 Conservative: Wait for pullback toward ₹185 retest Best R:R: Breakout → Retest → Continuation