bank of baroda near to demand zone good to accumulate

Bank of Baroda (BANKBARODA) closed at ₹234.94 on 18 September 2026. Technically, the stock is currently sitting in an important zone. The broader moving-average structure remains cautious, with the 20-day EMA around ₹238 and the 50-day EMA around ₹245. 📊 Technical view Immediate resistance: ₹238–241 Major resistance: ₹244–245 Above ₹245: sustained closing could improve the technical structure. Immediate support: ₹231–232 Next support: ₹228–229 Below ₹231: weakness can increase towards ₹228 and ₹225. The important point for me is that ₹238–245 is the confirmation zone. Until the stock convincingly crosses this area, I would avoid assuming that a sustainable uptrend has started. 🏦 Fundamental perspective The Q1 FY27 numbers need to be read carefully. Net profit fell 72% YoY to ₹1,278 crore because of a one-time ₹5,700 crore NMC Health settlement. Excluding this exceptional item, reported profit would have been ₹5,528 crore. NII, however, grew 9.5% YoY to ₹12,524 crore. Domestic advances grew 16% YoY, while domestic deposits grew 14.7%, showing continued balance-sheet growth. At the same time, NIM was 2.77% and GNPA stood at 1.99%, so margins and asset quality remain important factors to monitor. My SEBI RA-style view ₹231–232 is the key support zone, while ₹238–245 is the important resistance/confirmation zone. For an investor, I would focus on price action around these levels rather than chasing the stock in the middle of the range. A sustained breakout above ₹245 would change the technical setup positively; conversely, a decisive breakdown below ₹231 would indicate increasing technical weakness. This is my market commentary based on available technical and fundamental information, not a guarantee of returns. Investors should consider their own risk profile, investment horizon and portfolio allocation.