Bandhan Bank: Multi-Timeframe Bullish ConfluenceBandhan Bank Ltd.NSE:BANDHANBNKRK_ChaartsHello Friends, Welcome to RK_Chaarts Today we are here with very good example of trend reversal along with Breakout & other strong points. Bandhan Bank is showing a textbook bullish reversal setup backed by strong confluence across multiple timeframes. On the weekly chart, price has broken out of a Falling Wedge / Ending Diagonal Triangle that marked the end of wave ((A))-((B))-((C)) correction, with the breakout candle delivering 3x–4x average volume. The structure has shifted to Higher Highs and Higher Lows as per Dow Theory, and a Morning Star at the recent swing low confirms buyers are stepping in. Adding to this, the April 2026 monthly candle closed above the highest level of the last 18 months with strong volume. With the Elliott Wave ((A))-((B))-((C)) complete and an impulse wave likely starting, all signals point to a sustainable trend reversal as long as 128 holds. Let's deep dive into these significant points. Volume Analysis on Weekly Chart Here’s the volume analysis we’ve done on the Bandhan Bank chart.First, we can clearly see a Wedge Pattern, which can also be called an Ending Diagonal Triangle (EDT). This was the final leg of an Elliott Wave structure — specifically, the ((C)) leg of an ((A))-((B))-((C)) correction. Within that ((C)) leg, the EDT was forming and needed to complete its last leg. That’s why price was declining repeatedly. Even within this downtrend, notice the volume behavior: Whenever price rising up, volume was increased. Whenever price fell, volume decreased. Again price rise - Volume incresed; price fell - volume fell. And now, in the most recent move, price has risen with a breakout. The volume on this breakout candle is excellent, very strong, well above average. Compared to the past several weeks, this particular weekly candle has seen 3x to 4x the normal volume. So what does this volume analysis tell us ? Over the last two years on the weekly chart, every time price declined, volume was low. But even a small rise in price attracted good volume.Currently, we have Breakout from an EDT/Wedge pattern Dow Theory confirmation - Higher High, Higher Low structure confirming a trend change, Very strong volume backing the breakout This is a significant sign — a strong indication that the trend here is turning bullish, and it looks strong and sustainable. Morning Star at Bottom on Weeklt Time Frame On the weekly timeframe, we can clearly see a very strong bullish sign at the recent swing low.The price action shows a Morning Star pattern on the weekly chart, and the follow-through has already started coming in.This is definitely a very significant bullish sign. Significant Monthly Candle Monthly Timeframe AnalysisIf we look at the monthly timeframe, the current month’s candle of April 2026, which closed today, has given a close above the high of the last 18 months.In other words, it has engulfed all previous 18 months and delivered a breakout with good volumes. This is also a very significant and major bullish sign. EDT - Wedge Pattern Breakout This is a falling wedge pattern, which we also call an Ending Diagonal Triangle (EDT), and it has now given a breakout.Generally, the nature of this chart pattern is such that after the breakout, price tends to travel back to the level where the EDT originally began.And in this case, the breakout has already occurred. Elliott Wave Counts & Structure Elliott Wave ViewThe Elliott Wave counts are crystal clear, it has completed wave ((A))-((B))-((C)) correction, and now an impulse wave appears to be starting.This is also a very strong positive sign. Final Take: When pattern, volume, structure, candlesticks, wave count, and the higher timeframe breakout all line up like this, it’s no longer just one random signal. This is a stacked setup where every piece of evidence is pointing the same way - the trend has turned bullish. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.