Bandhan Bank Breaks Multi-Year Downtrend: A New Beginning?
BANDHANBNK
🚀 Weekly breakout alert!
✅ Multi-year falling channel broken
✅ Closed ₹186.24 (+7.31%) — cleared ₹176 resistance
✅ Big volume spike = strong hands buying
📈 Immediate target: ₹200-210
📈 Medium-term: ₹240-260
📈 Long-term potential: ₹300+ if momentum sustains
⚠️ Caution: Watch ₹176. False breakout risk if back below
Options: Bull call spreads or calls to ride upside 📊
📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned.
🧑💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332).
📄 Investments are subject to market risks. Read all related documents carefully before investing.