BANKBARODA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.9

Here’s a detailed technical analysis of Bank of Baroda (BANKBARODA)

📉 Trend Overview

Current Price: ₹242 is above both the 50-DMA (₹241) and 200-DMA (₹238), indicating bullish momentum.

Trend Status: The stock is trending upward, but recent volume and profit contraction suggest cautious optimism.

📊 Momentum Indicators

RSI (49.9): In the neutral zone, showing balanced momentum. A move above 55 would confirm bullish strength.

MACD (0.42): Slightly positive, indicating early bullish crossover.

Volume: Current volume (60.37L) is below the 1-week average (91.16L), suggesting low conviction in recent price action.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹241 Support

200-DMA ₹238 Strong Support

Price > DMA Bullish

📌 Bollinger Bands

Price is near the middle band, indicating neutral momentum.

Bands are moderately tight, suggesting low volatility and a potential breakout setup.

🔍 Support & Resistance Zones

Level Type

₹238 Strong Support (200-DMA)

₹230 Intermediate Support

₹245–₹255 Resistance Zone

₹267 Major Resistance (52W High)

🎯 Entry & Exit Zones

Entry Zone: ₹230–₹238 (on pullback with volume confirmation)

Exit Zone: ₹255–₹267 (near resistance and 52W high)

⚡ Short-Term Signals

MACD crossover and price above key moving averages signal bullish continuation.

RSI is neutral, watch for a move above 55 for confirmation.

Volume needs to pick up for sustained breakout.

🧭 Summary

Technical Rating: 3.9

Trend: Bullish

Momentum: Mildly positive

Strategy: Buy on dips near ₹230–₹238 with a target of ₹255–₹267. Monitor RSI and volume for breakout confirmation.

Want to compare this setup with other PSU banks like PNB or Canara Bank?

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