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.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.