Banco India remains in a dominant long-term uptrend that started in June 2020. After a brief corrective downtrend from November 2024 to April 2025, the stock entered a sideways consolidation phase.
Today, the stock decisively broke out of this consolidation range with a surge of +12.84% on significant volume, signaling strong buyer commitment & a new All Time High (ATH). This bullish move is further supported by short-term Exponential Moving Averages (EMAs), which are in a positive crossover state.
If this upward momentum is sustained, the next potential price target is the ₹850 level. Conversely, a failure to hold the breakout could see the price retrace to support near the ₹530 level.
Price-action is what matters !!
Today, the stock decisively broke out of this consolidation range with a surge of +12.84% on significant volume, signaling strong buyer commitment & a new All Time High (ATH). This bullish move is further supported by short-term Exponential Moving Averages (EMAs), which are in a positive crossover state.
If this upward momentum is sustained, the next potential price target is the ₹850 level. Conversely, a failure to hold the breakout could see the price retrace to support near the ₹530 level.
Price-action is what matters !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。