Technical Analysis Bandhan Bank

The stock $BANDHANBNK has shown a massive turnaround. After a long painful downtrend that finally bottomed out near the 130 zone the stock has completely changed its direction. It is now forming a clear textbook pattern of higher highs and higher lows, which confirms a strong new uptrend. There are noticeable volume spikes matching the recent green candles on the way up. This indicates that serious buying interest—likely institutional money—is backing this upward move giving the breakout more reliability. Immediate Support 190 - 200 Zone this is the most important level to watch right now. Looking at the chart the stock faced heavy rejection in this zone multiple times throughout mid-to-late 2024. Because the price recently broke above this ceiling with strong momentum this old resistance has now flipped to become a strong new support floor. Immediate Resistance 210 - 215 Zone the stock is currently hitting its head right around here. You can see the recent price action stalling slightly at the top right of the chart. Breaking cleanly above 215 is required to prove the uptrend still has fuel. For short-term buyers the current setup offers an attractive entry on small dips toward the 190–200 support zone aiming for a quick target around 215 to 220 with a strict stop-loss kept below 190. Meanwhile medium to long-term holders should comfortably remain invested and ride this strong reversal trend. Existing investors can trail their stop-loss just below the 190 breakout level to protect their capital while safely targeting the major overhead supply zone at 240.