BANKINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.6

📈 BANKINDIA 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 (70.7): Overbought zone — strong momentum, but watch for pullback
• MACD (5.20): Bullish crossover — confirms upward momentum
• Volume: Above 1-week average — strong buying interest
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, breakout possible

🎯 Entry & Exit Zones

• Support Levels: ₹135, ₹130, ₹125
• Resistance Levels: ₹143, ₹150, ₹158
• Optimal Entry: ₹135–₹138 (on pullback)
• Exit Target: ₹150–₹158 (short-term resistance)

✅ Positive

• Strong ROE (12.3%) — efficient capital deployment
• EPS of ₹21.8 — solid earnings profile
• Price above key moving averages — confirms bullish momentum
• Dividend yield of 2.87% — attractive for income investors
• FII holding increased by 0.71% — institutional confidence

⚠️ Limitation

• RSI above 70 — potential short-term pullback
• High debt-to-equity ratio (11.9) — leverage risk
• DII holding declined by 0.34% — domestic sentiment softening

📉 Company Negative News

• Valuation close to industry average — limited upside from re-rating
• High leverage may impact future growth flexibility

📈 Company Positive News

• Quarterly PAT improved from ₹2,252 Cr to ₹2,555 Cr
• Stock returned 97.9% over the past year — strong performance

🏭 Industry

• Sector: Banking / PSU
• Industry P/E: 8.10 vs BANKINDIA’s P/E: 6.51 — slightly undervalued
• Sector outlook supported by credit growth and NPA moderation

🧾 Conclusion

• BANKINDIA is in a bullish trend with strong technical indicators
• Entry near ₹135–₹138 with targets at ₹150–₹158
• Monitor RSI and volume for signs of continuation or exhaustion
• Long-term outlook remains positive with strong fundamentals and sector tailwinds