Bandhan Bank – Technical Analysis, Support and Resistance

The stock

is showing a range-bound to weak short-term structure on the daily chart. After a strong recovery from around ₹140 to ₹220 the stock faced resistance near ₹215–220 and has corrected back toward ₹176. The latest close was ₹176 with the session low at ₹172.86. Support & Resistance: Immediate support is around ₹170–172. If this zone breaks and sustains, the next support can come near ₹160–165 followed by ₹150–155. On the upside ₹180–185 is the first resistance zone. Above this, ₹190–195 and ₹205–215 can act as further resistance. Technical reference levels also place support near ₹172 and resistance around ₹180–185. Short-Term Buyers & Holders View: For short-term buyers, ₹170–172 is an important zone to monitor for stabilization and a higher low. A sustained move above ₹185 with strong volume can improve the short-term structure and open room toward ₹190–195. If price breaks below ₹170, the correction can extend toward ₹160–165.