BANKBARODA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.5

📈 BANKBARODA is currently trending upward with strong momentum indicators and high volume. The stock is testing its 52-week high and shows bullish strength supported by institutional interest.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (66.9): Bullish — nearing overbought, strong momentum
• MACD (6.08): Positive crossover — confirms bullish trend
• Volume: ~65% above 1-week average — strong buying interest
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, watch for breakout or pullback

🎯 Entry & Exit Zones

• Support Levels: ₹278, ₹265, ₹258
• Resistance Levels: ₹293, ₹305, ₹320
• Optimal Entry: ₹278–₹285 (on minor pullback)
• Exit Target: ₹305–₹320 (short-term resistance)

✅ Positive

• Strong ROE (15.7%) — efficient capital deployment
• EPS of ₹37.2 — solid earnings profile
• Price above key moving averages — confirms bullish momentum
• Dividend yield of 2.84% — attractive for income investors
• FII and DII holdings increased — institutional confidence

⚠️ Limitation

• RSI nearing overbought — potential short-term pullback
• High debt-to-equity ratio (11.1) — leverage risk
• Quarterly PAT declined by 8.18% — earnings volatility

📉 Company Negative News

• QoQ profit dip from ₹4,541 Cr to ₹4,809 Cr
• Valuation close to industry average — limited upside from re-rating

📈 Company Positive News

• Stock returned 98% over the past year — strong performance
• Institutional buying continues — FII and DII positions increased

🏭 Industry

• Sector: Banking / PSU
• Industry P/E: 8.10 vs BANKBARODA’s P/E: 7.82 — slightly undervalued
• Sector outlook supported by credit growth and NPA moderation

🧾 Conclusion

• BANKBARODA is in a bullish trend with strong technical indicators
• Entry near ₹278–₹285 with targets at ₹305–₹320
• Monitor RSI and volume for signs of continuation or exhaustion
• Long-term outlook remains positive with strong fundamentals and sector tailwinds