Banhan Bank Ltd. (NSE) - Quick Technical Analysis

303
Current Price: ₹186.85 (-1.14%)

  • Support Levels: ₹176.86, ₹164.74, ₹152.12
  • Resistance Levels: ₹203.15, ₹210-220
  • The stock recently broke below a rising channel, indicating a short-term bearish trend.
  • RSI near oversold (30-40) suggests a potential relief rally or consolidation near support.
  • Moving Averages: Trading below the 50-day MA, testing the 200-day MA.
  • Volume: Declining, signaling reduced selling pressure.


Conclusion: Watch for a rebound near ₹176. A recovery above ₹190 may restore bullish momentum, while a break below ₹176 could lead to further downside.

Penafian

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