Bandhan Bank said it has seen an improvement in repayments by microfinance borrowers and collection efficiency has improved to 70% in value terms. Since 5 session stock is showing +ve movement while Today saw High Trade and Delivery with good volume, Because of this stock crossed the 200EMA and touched the 200SMA but closed below 200SMA.
Showing BULLISH in all indicator: Close crossing last month High Stock outperforming from Benchmark and Sectoral Index PSAR is howing Bullish CCI in overbought RSI in overbought Stoch in overbought MFI above 80 Aggressive New Long ---------------------------------------------------------- Support : 371 Breakdown : 386 CMP : 394.70 Breakout : 401 Short Target : 425 ---------------------------------------------------------- Negative Point: 1) Neutral Risk ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)