June F&O series: Analyst suggests Bull Spread for Bandhan Bank stock
F&O stocks: Bandhan Bank share price has been forming bullish 'higher top-higher bottom' formation on the daily chart
 "Bandhan Bank")
Bandhan Bank shares: Momentum indicator suggests strength in the current uptrend
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BULL SPREAD Strategy on BANDHAN BANK
Buy BANDHAN BANK (26-June Expiry) 175 CALL at ₹5.35 & simultaneously sell 180 CALL at ₹3.45
Lot Size: 2,800
Cost of strategy: ₹1.9 (₹5,320 per strategy)
Maximum profit: ₹8,680 if Bandhan Bank closes at or above ₹180 on 26 June expiry.
Breakeven Point: ₹176.9
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Risk Reward Ratio: 1: 1.63
Approx margin required: ₹25,000
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Rationale:
>> Long build up is seen in Bandhan Bank Futures, where we have seen 17 per cent rise in open interest with Bandhan Bank share price rising 1 per cent on Thursday, May 29.
>> Bandhan Bank stock price has been forming bullish 'higher top-higher bottom' formation on the daily chart.
>> RSI oscillator is in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend.
Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent. ================= Disclaimer: This article is by Nandish Shah, senior technical/derivative analyst at HDFC Securities. Views expressed are his own.
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First Published: May 30 2025 | 7:50 AM IST