Bank of Baroda
Bank of Baroda stock falls 15% in three months, tests key support
Bank of Baroda shares have declined 15% over the past three months, with the stock trading near ₹231.75 as of the latest data. The drop extends to 3% in one month, 9% in six months and 11% over the last year, placing the share price close to its 52-week low of ₹223.90 recorded on 29 September 2026. The 52-week high remains at ₹325.55 touched in February 2026.
Despite the recent weakness, the stock has delivered multibagger returns over five years, rallying 180% in that period. Technical analysts are now focusing on crucial support levels to assess whether a recovery is possible.
Sumeet Bagadia of Choice identified a structural support zone between ₹230 and ₹235 on the weekly chart, reinforced by prior price action and the 200-week EMA at approximately ₹229.45. He noted the weekly RSI at 35.47, indicating subdued momentum but proximity to oversold territory. For positional traders, he suggested a long entry around ₹234.33 with a stop-loss at ₹223 and an upside target of ₹257.
Jigar S Patel of Anand Rathi Share and Stock Brokers highlighted another support zone between ₹222 and ₹224, aligned with the 200-week EMA and a major trendline. He expects a technical bounce toward ₹240, which acts as immediate resistance, with a sustained move above that level needed to confirm strength.
Both analysts emphasized that holding above the identified support zones is critical for a potential rebound, while a decisive break below could invalidate the expected recovery. The views expressed are those of the analysts and not of the publisher.
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