Bandhan Bank falls post Q1, but charts signal early reversal
Bandhan Bank's Q1 profit dropped 65% YoY to ₹372 crore, but analysts see recovery potential. Analyst Rajneesh Sharma cited bullish RSI divergence and a breakout from a long-term trendline. The stock holds above ₹175, with resistance at ₹212.82. With a pivot to secured lending and 98% retail transactions now digital, technicals suggest a base may be forming.