BANKBARODA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.0

📊 Chart Patterns & Trend: BANKBARODA is consolidating near its 52-week high of 304 ₹. The current price (291 ₹) is above both 50 DMA (280 ₹) and 200 DMA (257 ₹), indicating medium-term strength. The stock is trending upward but facing resistance near 300–304 ₹.

📈 Moving Averages:

- Price above both 50 DMA and 200 DMA confirms bullish undertone.

- Sustained support at 280 ₹ strengthens the consolidation base.

- Breakout above 304 ₹ could trigger momentum toward 320 ₹.

📉 RSI: At 53.4, RSI is neutral to slightly bullish, suggesting balanced momentum with room for upside.

📈 MACD: Positive (1.19), showing bullish crossover and short-term upward momentum.

📊 Bollinger Bands: Price is near the upper band, indicating strong buying interest but also potential resistance.

📊 Volume Trends: Current volume (61,19,283) is below the 1-week average (93,03,306), suggesting reduced participation despite bullish signals.

🎯 Entry Zone: 280–285 ₹ (near 50 DMA support).

🎯 Exit Zone: 300–304 ₹ (near resistance trendline and 52-week high).

⚡ Support Levels: 280 ₹ and 257 ₹.

⚡ Resistance Levels: 304 ₹ and 320 ₹.

Positive

• Strong ROE (15.7%) indicates efficient profitability.
• Dividend yield of 2.85% provides attractive income return.
• Quarterly PAT growth (4,809 Cr. vs 4,541 Cr.) shows consistent earnings momentum.
• FII holdings increased (+0.63%) and DII holdings increased (+0.14%), reflecting investor confidence.

Limitation

• ROCE is modest at 6.24%, reflecting average capital efficiency.
• Debt-to-equity ratio is high at 11.1, typical for banks but still a leverage concern.
• Quarterly profit variation (-8.18%) shows earnings volatility.
• Volume participation weaker than average, limiting short-term momentum.

Company Negative News

• Quarterly profit decline raises concerns about earnings stability.
• High leverage (Debt-to-equity 11.1) compared to industry peers.

Company Positive News

• EPS of 37.2 ₹ supports long-term earnings visibility.
• Dividend yield of 2.85% adds shareholder value.
• FII and DII inflows reflect confidence in the bank’s fundamentals.

Industry

• Industry P/E at 7.89, close to BANKBARODA’s 7.75, suggesting fair valuation.
• Banking sector outlook remains strong with credit growth and stable demand.

Conclusion

⚖️ BANKBARODA is consolidating with neutral RSI and positive MACD, showing short-term bullish signals. Traders may consider entry around 280–285 ₹ with exits near 300–304 ₹. The stock is consolidating, awaiting breakout above 304 ₹ for trend continuation toward 320 ₹.