BANKINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of BANKINDIA (Bank of India)

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by price action above key moving averages and healthy momentum indicators.

📈 Moving Averages

DMA 50: ₹115

DMA 200: ₹113

Current Price: ₹119

✅ Price is above both 50-DMA and 200-DMA, confirming a bullish bias. These levels now act as support zones.

📉 Momentum Indicators

RSI (14-day): 62.6 — Bullish zone, approaching overbought territory but still safe.

MACD: +1.32 — Bullish crossover, indicating upward momentum.

Volume: 87.1 lakh vs 1-week avg of 70.2 lakh — Above average, confirming active buying interest.

📊 Bollinger Bands

Price is near the upper band, suggesting bullish momentum but also potential short-term volatility or a pause.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 115 50-DMA, immediate support

Support 2 110 Previous consolidation zone

Resistance 1 122 Minor resistance zone

Resistance 2 130 52-week high, major breakout level

Resistance 3 140 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹115–₹118 range on pullback with volume confirmation.

Exit Zone: ₹128–₹135 for short-term traders; ₹140+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and volume surge suggest continued momentum.

RSI nearing 70 may lead to short-term consolidation before resuming trend.

Despite a slight dip in quarterly profit, technicals remain supportive of upside.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.0 — Positive setup with short-term caution due to RSI

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