📈 Key Data / Context
The stock currently trades in the ballpark of ₹258–260 / share.
Over the past 52 weeks, the share has ranged roughly between ₹172.66 (low) and ₹262.00 (high).
Fundamental metrics: P/E ratio around ~15–16×, book value ~ ₹147, and a modest dividend yield.
⚠️ What to Keep in Mind
As a bank stock, broader macroeconomic factors (interest‑rate outlook, banking sector sentiment, credit growth) matter — technical levels can get invalidated if fundamentals shift.
A “breakout” above resistance (e.g. ₹262–265) should ideally be backed by volume for conviction.
Similarly, a drop below support (₹255 / ₹252) could trigger more support tests — a stop‑loss strategy may be useful if trading short‑term.
The stock currently trades in the ballpark of ₹258–260 / share.
Over the past 52 weeks, the share has ranged roughly between ₹172.66 (low) and ₹262.00 (high).
Fundamental metrics: P/E ratio around ~15–16×, book value ~ ₹147, and a modest dividend yield.
⚠️ What to Keep in Mind
As a bank stock, broader macroeconomic factors (interest‑rate outlook, banking sector sentiment, credit growth) matter — technical levels can get invalidated if fundamentals shift.
A “breakout” above resistance (e.g. ₹262–265) should ideally be backed by volume for conviction.
Similarly, a drop below support (₹255 / ₹252) could trigger more support tests — a stop‑loss strategy may be useful if trading short‑term.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.