BANKINDIA - Technical Analysis

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

Technical Rating: 3.5

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

📉 Trend Overview

Current Price: ₹112 is below both the 50-DMA (₹116) and 200-DMA (₹113), indicating short-term weakness.

Trend Status: The stock is consolidating with a mild bearish bias. It’s hovering near key support zones and has failed to hold above short-term moving averages.

📊 Momentum Indicators

RSI (39.2): In the bearish zone, approaching oversold territory. A dip below 35 could trigger a technical bounce.

MACD (-1.44): Negative and below the signal line, confirming bearish momentum.

Volume: Current volume (66.1L) is below the 1-week average (77.5L), suggesting low conviction in recent price action.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹116 Resistance

200-DMA ₹113 Resistance

Price < DMA Bearish

📌 Bollinger Bands

Price is near the lower band, indicating limited downside and potential for a technical rebound.

Bands are tightening, suggesting low volatility and a possible breakout setup.

🔍 Support & Resistance Zones

Level Type

₹108–₹113 Strong Support Zone

₹116–₹120 Resistance Zone (DMA cluster)

₹130 Major Resistance (52W High)

₹90 Long-Term Support

🎯 Entry & Exit Zones

Entry Zone: ₹108–₹113 (on pullback with RSI < 35 and volume spike)

Exit Zone: ₹120–₹130 (near resistance and 52W high)

⚡ Short-Term Signals

MACD is bearish, no crossover yet.

RSI is weak, watch for dip below 35 for bounce setup.

Volume is subdued, wait for spike to confirm breakout.

🧭 Summary

Technical Rating: 3.5

Trend: Consolidating with bearish undertone

Momentum: Weak

Strategy: Accumulate near ₹108–₹113 with confirmation from RSI and volume. Target ₹120–₹130 for exit. Avoid aggressive buying until MACD turns positive.

Want to compare this setup with other PSU banks like Canara Bank or Indian Bank for a broader sector view?

Edit in a page