Summary
Price continues to respect an ascending channel on the daily chart; Ichimoku cloud is acting as dynamic support.
With Q1 FY26 showing 12% YoY PAT growth, strong capital, and a 1:1 bonus plus ₹5 dividend, dips are being defended while NIM remains the watch item.
Chart Thesis
Structure: Higher highs/lows inside channel; consolidation near ₹2,000 with cloud support below.
Levels:
Long zone: ₹1,930–₹1,960 (cloud/median line)
Invalidation: Daily close <₹1,900
Targets: ₹2,030 → ₹2,080–₹2,120
Context:
PE ~20.9x TTM, near long‑term average; asset quality GNPA 1.40%, NNPA 0.47%.
Fundamentals
Q1 FY26: NII +5.4% YoY, NIM 3.35%, provisions elevated for buffers; deposits +16% YoY; CAR ~19.9%.
Corporate actions: 1:1 bonus; ₹5 special dividend with recent record dates.
Plan
Prefer buy‑the‑dip strategy inside the channel; trail stops under swing lows; reassess if price closes below ₹1,900.
Disclaimer: Educational analysis, not investment advice. Manage risk and position sizing.
Price continues to respect an ascending channel on the daily chart; Ichimoku cloud is acting as dynamic support.
With Q1 FY26 showing 12% YoY PAT growth, strong capital, and a 1:1 bonus plus ₹5 dividend, dips are being defended while NIM remains the watch item.
Chart Thesis
Structure: Higher highs/lows inside channel; consolidation near ₹2,000 with cloud support below.
Levels:
Long zone: ₹1,930–₹1,960 (cloud/median line)
Invalidation: Daily close <₹1,900
Targets: ₹2,030 → ₹2,080–₹2,120
Context:
PE ~20.9x TTM, near long‑term average; asset quality GNPA 1.40%, NNPA 0.47%.
Fundamentals
Q1 FY26: NII +5.4% YoY, NIM 3.35%, provisions elevated for buffers; deposits +16% YoY; CAR ~19.9%.
Corporate actions: 1:1 bonus; ₹5 special dividend with recent record dates.
Plan
Prefer buy‑the‑dip strategy inside the channel; trail stops under swing lows; reassess if price closes below ₹1,900.
Disclaimer: Educational analysis, not investment advice. Manage risk and position sizing.
Pubblicazioni correlate
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.