BANKINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | BANKINDIA | Market Cap | 69,419 Cr. | Current Price | 153 ₹ | High / Low | 178 ₹ |
| Stock P/E | 6.84 | Book Value | 186 ₹ | Dividend Yield | 2.66 % | ROCE | 6.15 % |
| ROE | 12.3 % | Face Value | 10.0 ₹ | DMA 50 | 159 ₹ | DMA 200 | 140 ₹ |
| Chg in FII Hold | 1.58 % | Chg in DII Hold | -0.45 % | PAT Qtr | 2,705 Cr. | PAT Prev Qtr | 2,555 Cr. |
| RSI | 39.6 | MACD | -3.43 | Volume | 64,17,513 | Avg Vol 1Wk | 84,99,325 |
| Low price | 98.7 ₹ | High price | 178 ₹ | PEG Ratio | 0.17 | Debt to equity | 11.7 |
| 52w Index | 67.5 % | Qtr Profit Var | 7.47 % | EPS | 22.3 ₹ | Industry PE | 7.57 |
📈 Chart & Trend Analysis: BANKINDIA is trading below its 50 DMA (159 ₹) but above its 200 DMA (140 ₹), with the current price at 153 ₹. This indicates consolidation with mild bearish bias in the short term.
📊 Momentum Indicators: RSI at 39.6 shows weak momentum, leaning towards oversold territory. MACD at -3.43 confirms bearish crossover, signaling short-term weakness.
📉 Bollinger Bands & Volume: Price is near the lower band, suggesting potential support but also weakness. Current volume (64,17,513) is below weekly average (84,99,325), showing reduced participation and lack of strong buying interest.
🔑 Support & Resistance Zones:
- Support: 140 ₹ (200 DMA), 98.7 ₹ (major low)
- Resistance: 159 ₹ (50 DMA), 170–178 ₹ (trendline resistance)
Optimal Entry: 145–153 ₹ (near support)
Optimal Exit: 159–170 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with bearish bias, showing weak momentum and indecision around moving averages.
Positive
- EPS of 22.3 ₹ supports valuation strength.
- Quarterly PAT improved to 2,705 Cr. from 2,555 Cr., showing earnings growth.
- Dividend yield of 2.66% provides attractive shareholder returns.
- FII holding increased (+1.58%), reflecting foreign investor confidence.
Limitation
- ROCE (6.15%) is modest compared to peers.
- High debt-to-equity ratio (11.7) indicates leveraged balance sheet.
- Weak RSI and negative MACD show lack of momentum.
- Volume participation is below average, limiting breakout potential.
Company Negative News
- DII holding decreased (-0.45%), showing reduced domestic institutional support.
- Stock trading below 50 DMA, reflecting short-term weakness.
Company Positive News
- Quarterly profit variation (+7.47%) indicates earnings stability.
- FII holding increased (+1.58%), showing strong foreign investor confidence.
Industry
- Industry PE at 7.57 is slightly higher than BANKINDIA’s PE (6.84), suggesting fair valuation relative to peers.
- Banking sector outlook remains stable with credit growth and rising retail demand, though asset quality concerns persist for PSU banks.
Conclusion
⚖️ BANKINDIA is consolidating with bearish bias, trading below its 50 DMA but above its 200 DMA. Fundamentals show stable earnings, strong EPS, and attractive dividend yield, but modest ROCE and high leverage limit upside. Traders may consider entry near 145–153 ₹ with exits around 159–170 ₹. Momentum confirmation is needed before aggressive positioning, as short-term signals remain weak despite stable fundamentals.
Would you like me to extend this into a peer benchmarking overlay comparing BANKINDIA against other PSU banks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?