the bank’s recent market behaviour has shifted from a mildly bullish trend to a sideways movement. Weekly momentum indicators such as MACD and KST show bearish tendencies, while monthly readings offer a mixed picture with mildly bullish signals in some oscillators like RSI and KST. Bollinger Bands also reflect this duality, with weekly data leaning bearish and monthly data mildly bullish. Moving averages on a daily basis continue to suggest mild bullishness, but broader weekly and monthly trends indicate caution. Dow Theory and On-Balance Volume (OBV) metrics on weekly and monthly scales lean towards mild bearishness, signalling that trading volumes and price trends are not strongly supportive of upward momentum at present. This technical shift coincides with recent price movements where the stock closed at ₹154.40, down from a previous close of ₹161.10, and trading within a 52-week range of ₹124.55 to ₹205.45. Short-term price returns have underperformed the broader Sensex index, with a one-week decline of 11.7% compared to the Sensex’s 0.54% fall, and a one-month return of -6.59% against the Sensex’s 4.05% gain.

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