BANKINDIA Pyramid set up

Bank of India (BANKINDIA) closed today at ₹123.35, up 3.79% from the previous close of ₹118.85. The stock traded in a range between ₹118.90 and ₹123.85 on strong volume, showing renewed buying interest. It is trading above its 50-day moving average (~₹114.67) and 200-day moving average (~₹110.67), indicating bullish momentum.

Technically, the stock is in an uptrend with immediate support at ₹119 and resistance around ₹130, the recent 52-week high. Momentum indicators like RSI suggest moderate strength, with room to move higher before overbought conditions. The price action is supported by a solid market cap and improving financials, aligning with positive sentiment in the banking sector.

Overall, Bank of India shows a robust short to medium-term outlook, with potential for further gains if it sustains above current support and builds upon buying momentum. Watch for any breakouts above ₹130 for acceleration, or a dip below ₹119 that may trigger some consolidation.