The strong picture in Garanti BBVA shares continues. The banking sector's impact on BIST and GARAN's technical table.
**GARAN** (Garanti BBVA) is among the stocks leading the rally in the banking index.
**Sector Context**
The XBANK index continues to show relative strength above BIST100. Interest margin expectations and credit growth data keep sector demand alive. Foreign investor interest in the banking sector is growing.
**GARAN Technical Outlook**
On the daily chart, price is advancing within an uptrend accompanied by rising volume. EMA20 is acting as support. Every pullback to EMA20 is attracting buying interest.
**Weekly Chart**
Weekly closes are strong. The closes of the last three weeks show limited upper wicks — indicating that buying pressure is persisting.
**Valuation Note**
Compared to historical P/E and P/B multiples, **GARAN** is still trading at a discount. This could encourage medium-term buyers.
**Support / Resistance**
- Support: EMA20 and horizontal support band
- Resistance: 52-week high levels
**Conclusion**
As long as banking sector momentum is maintained, **GARAN** is well-positioned. Sector-specific risks (credit quality, provision increases) should be monitored.
