DCB Bank – “Fresh Breakout; Strong Volume Participation”
DCBBANK (₹186) has posted a sharp breakout above the ₹158–160 resistance, supported by strong volumes and price action above the 9-EMA. RSI near 65–70 shows strong bullish momentum but not extreme. Pivot levels indicate next resistance around ₹185–188, already being tested; a close above this can push the stock towards ₹207 (R3). Support exists at ₹158.
Fundamentals:
Consistent improvement in asset quality; GNPA and NNPA trending down.
Credit growth stable in SME/Mortgage segments.
Costs elevated due to expansion, but core profitability improving.
CASA build-up remains a key monitorable.
Analyst View:
Consensus: HOLD to BUY. Upside capped in short term but long-term structure improving.
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