IDBI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of IDBI Bank Ltd (IDBI)

📊 Trend Overview

Phase: Consolidating with mild bullish bias

Price Action: Trading just above both 50-DMA (₹92.2) and 200-DMA (₹88.1), indicating a stable base and potential for upward movement.

Volume: Slightly above average (62.5L vs 57.4L), suggesting steady accumulation but no breakout momentum.

📈 Momentum Indicators

RSI (51.4): Neutral zone — no strong momentum, but not oversold either. Indicates sideways movement.

MACD (0.30): Slightly positive — suggests mild bullish momentum, though not accelerating.

Bollinger Bands: Price likely near the middle band, consistent with low volatility and consolidation.

📉 Chart Patterns

Sideways Channel: Price oscillating between ₹88–₹96, forming a horizontal range.

Trendline Support: Rising trendline from ₹65.9 lows remains intact, supporting long-term bullish structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 90.0 Minor pullback zone

Support 2 88.1 200-DMA, long-term support

Support 3 82.0 Previous swing low

Resistance 1 96.0 Channel ceiling

Resistance 2 100.0 Psychological level

Major Resistance 106.0 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹90–₹92.5 (on dips with volume confirmation)

Short-Term Target: ₹96–₹100

Exit Zone / Stop-Loss: ₹88 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Mild and stabilizing

Bias: Bullish above ₹90; cautious below ₹88

Phase: Consolidating — awaiting breakout confirmation

🧠 Key Takeaways

IDBI is in a technical pause, holding above key moving averages.

RSI and MACD suggest indecision, while price action near support zones hints at potential upward breakout.

A close above ₹96 with volume could trigger a move toward ₹100–₹106.

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