🏦 Bandhan Bank Ltd. – Falling Channel Breakout with Bullish Divergences

Bandhan Bank has shown a technical breakout from a long-term falling channel on the weekly chart after an extended downtrend since 2021. The breakout is accompanied by bullish divergences on both RSI and OBV, indicating the possibility of a strong medium-term trend reversal. 🔹 Technical Overview Pattern: Multi-year falling channel breakout. Support Zone: ₹155–₹160 (breakout + trendline retest zone). Resistance Zone: ₹185–₹200 (previous supply region). RSI: Bullish divergence — higher lows on RSI while price made lower lows, signaling waning selling pressure. OBV: Bullish divergence forming a rounded base — reflects accumulation and improving demand. Volume: Gradual rise in activity supports the breakout’s credibility. 🔹 Interpretation ✅ Long-term downtrend may be ending as momentum turns positive. ✅ RSI and OBV divergences confirm accumulation and improving sentiment. ✅ Sustaining above ₹165 could trigger follow-through buying toward ₹185–₹200. ⚠️ Retest around ₹160 is possible before continuation — ideal zone for stability check. Bandhan Bank appears to be transitioning from a bearish phase to early recovery, supported by multiple technical confirmations. The breakout backed by momentum and accumulation suggests the potential for a medium-term trend reversal if it sustains above the breakout level. 📢 Disclaimer: For educational purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)