#Bandhan Bank looks good as it is taking support on 100 SMA on the daily chart at the same level there is a lower band of Bollinger Band.
And today we have seen a nice jump in the stock of about 4%. Before this jump, the stock has some negative moments but after approaching the sellers stopped selling at buyers got active with power as confirmed by the high volumes.
On the other side, the interest of trade has got increased in the Future also. Today we are observing the 15% open interest in the futures contract this clearly signifies that the trader is taking a long position at a good price.
Overall the interest in this stock of traders has increased in this stock. Moreover stock is trying to change its trend as well.
It has been trading in the long-falling channel which indicates a chance of change in the trend of the stock in the near future. When it will move out from this channel the chart will open the level of 650. In a short duration, it has the potential to move to 320.
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