Market Analysis and Update

Santosh Meena, Head of Research at Swastika Investmart sees support for the banking stock at Rs 180-160 levels.

"Bandhan Bank is currently experiencing a pronounced downtrend, with indications pointing towards a potential bottoming out near the Covid lows in the range of Rs 180-160 per share. However, the stock faces formidable resistance within the Rs 200-210 supply zone, presenting a significant challenge. Only a sustained breakthrough above the Rs 210-mark holds the potential for a short-term trend reversal, paving the way towards the Rs 250 level," said Meena. Read more:

1. ‍Bandhan Bank Shares Fall, Chandra Shekhar Ghosh to Retire; Price Target - Business Today
2. ‍Bandhan Bank Share Price Is Down, Know the Reason - Moneycontrol (Hindi)