BANKBARODA : SUPPLY ZONE NEEDS ATTENTION

closed at ₹232.30 down 1.14% on 16 September 2026. The stock is currently showing a supply-side order block which is an important area to watch from a technical perspective. In simple terms a supply zone is an area where selling pressure has previously entered the market. When price comes back towards this zone sellers may become active again. That is why I would closely watch the price behaviour around the supply area rather than looking at the one-day fall in isolation. The recent performance also shows that the stock has seen some strong monthly moves. After a 4% decline in August the stock recovered with a 1.5% gain in September so far. This makes the reaction around the supply zone even more important. My approach here would be simple: watch the price reaction at supply and look for confirmation through volume and price structure. If the stock fails to sustain above the zone and selling pressure increases the supply area could become an important resistance. On the other hand a decisive breakout with strong participation would indicate that sellers are being absorbed. For me the key point is not the -1.14% move today but whether the supply zone continues to attract sellers. Supply tells us where selling may appear. Price action tells us whether sellers are actually in control. Market observation for information sharing only. Not investment advice.