Bank of Baroda stays weak below the cloud at ₹235

closed at ₹234.88 after another narrow session near the recent lows. The candle shows some buying from the ₹230–₹233 area, but the larger structure remains weak. Price has been forming lower highs since the July decline, and the recovery attempts have not yet broken that sequence. A small bounce near support is therefore not enough to shift the trend in favour of buyers. The Ichimoku setup remains clearly bearish. Price is below the Tenkan-sen near ₹234.50 and the Kijun-sen around ₹237.60, while the cloud is positioned much higher, beginning near ₹244 and extending towards ₹262. This wide gap above price indicates that multiple resistance layers must be cleared before the daily trend can repair. ₹230–₹233 is the key immediate support zone. A close below ₹230 can increase the risk of a move towards ₹223. On the upside, ₹237.60 is the first level that needs to be reclaimed, followed by the cloud base near ₹244. Loan growth, deposit mobilisation, asset quality and margin trends remain the key operating indicators for the public-sector bank.