IDBI - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.3

Here’s a breakdown of IDBI’s chart-driven narrative, decoding its tactical signals and price potential

📊 Trend Overview

Current Price (₹93) sits below 50-DMA (₹95) but above 200-DMA (₹86.8) → signals short-term weakness, but medium-term strength still intact.

Recent drop from ₹106 hints at a cool-off phase, with possible reaccumulation near the ₹90 zone.

📉 Trend Status: Consolidating, with a bias toward stabilizing after minor correction.

🔁 Momentum Signals

RSI (40.2): Approaching oversold territory → possible bounce incoming, but not yet aggressive.

MACD (-0.76): Mildly negative and flattening → suggests bearish momentum is fading.

Volume: Below 1-week average → subdued trader interest, typical of consolidation.

🧭 Momentum is cooling off but not alarmingly weak. Could see bullish pickup if support holds.

📐 Bollinger Bands Analysis

Price likely hovering near lower band, indicating a potential reversion setup.

Band width moderate → not in squeeze or breakout territory yet.

🔎 Support & Resistance Levels

Type Zone (₹) Commentary

Support 88–92 Near 200-DMA and recent pivot levels

Resistance 95–98 Zone around 50-DMA and recent peaks

Breakout Zone 100+ Break above ₹100 would resume uptrend trajectory

🎯 Short-Term Trade Plan

Entry: ₹90–₹93 (on dips or bounce signals from support)

Exit: ₹96–₹98 (short-term resistance cluster)

Stop Loss: ₹87.5 (below 200-DMA and key swing low)

📌 Conclusion

IDBI is in a technical consolidation phase, where the short-term trend has paused while medium-term structure remains solid.

A range-bound play makes sense now, with a possible breakout if volume recovers and MACD turns.

Smart accumulation near ₹90 could reward risk-aware traders, provided downside is limited.

Need a volatility profile comparison with other PSU banks? Or want to map IDBI’s performance against sector sentiment and news triggers? I can chart it out for you 🔍🏦

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