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Banka BioLoo Limited (BANKA) — Technical Setup
₹79.96 +3.58% Range Volatility Contraction Neutral
Summary
Banka BioLoo Limited is in a range on the daily chart, with the weekly trend bullish and the monthly trend bullish. RSI(14) is 49.5, MACD is above its signal line, ADX reads 8 (weak trend). The stock trades 8.3% above its 200-day average and 18.3% below its 52-week high. Volume in the latest session was 0.4× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.0 percentage points. Nearest support is ₹74.42 and resistance ₹80.17. Its technical score is 56/100 (neutral).
🧮 How the 56/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (0.61)3/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA3/3
- Close above 200-day SMA (8.30)3/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (8.33)1/3
- Weekly trend up (above a rising 30-week average)2/2
- RSI(14) in the bullish zone (55-70 best) (49.49)2/6
- MACD line above its signal line4/4
- MACD line above zero (-1.26)0/3
- 12-day rate of change positive (1.54)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.02)0/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.06)5/5
- More volume on up days than down days (20 sessions) (1.42)5/5
- Close above 20-day VWAP (1.02)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.31)2/6
- Price in the upper half of its Bollinger Bands (0.67)5/5
- Shallow drawdown from the 52-week high (-18.31)3/5
- Volatility contracting (20-day volatility below its 6-month median) (63.20)0/4
- Room to the next resistance (≥8% scores full) (0.26)0/5
- Support close below (a tight, definable stop) (6.93)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-18.31)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 12th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Bollinger Band Reversion rules for BANKA — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▲ Bullish | 56.18 | 3.05 |
| Weekly | ▲ Bullish | 49.11 | -1.58 |
| Daily | ▼ Bearish | 49.49 | 0.37 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 23.19.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Volume has dried up to under 60% of normal.
💪 Relative strength
BANKA ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹94.08 | +17.7% | 10 |
| Resistance | ₹83.50 | +4.4% | 5 |
| Resistance | ₹80.17 | +0.3% | 2 |
| Close | ₹79.96 | — | |
| Support | ₹74.42 | −6.9% | 2 |
| Support | ₹68.48 | −14.4% | 5 |
| Support | ₹63.05 | −21.1% | 2 |
| Support | ₹59.55 | −25.5% | 2 |
52-week range: ₹41.00 – ₹97.88 (-18.31% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹41.00 (2026-03-30) to ₹96.58 (2026-07-03). Price has retraced 29.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹83.46 | +4.4% | S/R confluence nearest |
| 38.2% retracement | ₹75.35 | -5.8% | |
| 50.0% retracement | ₹68.79 | -14.0% | S/R confluence |
| 61.8% retracement | ₹62.23 | -22.2% | |
| 78.6% retracement | ₹52.89 | -33.9% | |
| 127.2% extension | ₹111.70 | +39.7% | |
| 161.8% extension | ₹130.93 | +63.7% | |
| 200.0% extension | ₹152.16 | +90.3% |
🕯️ Candlesticks (last 5 sessions)
- Gravestone Doji 2026-09-16 bearish Strong · 70
- Bullish Marubozu 2026-09-11 bullish Weak · 30
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens BANKA passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
