IDBI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.0
| Stock Code | IDBI | Market Cap | 80,644 Cr. | Current Price | 75.0 ₹ | High / Low | 118 ₹ |
| Stock P/E | 8.38 | Book Value | 64.0 ₹ | Dividend Yield | 2.80 % | ROCE | 6.76 % |
| ROE | 13.6 % | Face Value | 10.0 ₹ | DMA 50 | 102 ₹ | DMA 200 | 97.4 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | 0.01 % | PAT Qtr | 1,935 Cr. | PAT Prev Qtr | 3,627 Cr. |
| RSI | 21.6 | MACD | -7.12 | Volume | 4,03,16,893 | Avg Vol 1Wk | 5,20,14,313 |
| Low price | 72.0 ₹ | High price | 118 ₹ | PEG Ratio | 0.18 | Debt to equity | 4.87 |
| 52w Index | 6.35 % | Qtr Profit Var | 1.42 % | EPS | 8.95 ₹ | Industry PE | 14.8 |
📉 Chart & Trend: IDBI is trading at ₹75, far below its 50 DMA (₹102) and 200 DMA (₹97.4), confirming a strong bearish trend.
📊 RSI: At 21.6, RSI is deep in oversold territory, signaling weakness but also potential for a short-term rebound.
📉 MACD: Negative at -7.12, reinforcing bearish momentum and lack of immediate recovery signals.
📈 Bollinger Bands: Price is hugging the lower band, showing oversold conditions but risk of further downside if support breaks.
📊 Volume Trends: Current volume (4.03 Cr) is below the 1-week average (5.20 Cr), indicating reduced participation and weak buying interest.
📌 Momentum Signals: Short-term momentum remains negative. A rebound may occur only if price sustains above ₹72 support.
🎯 Entry Zone: ₹72–₹75 (near support, but risky due to bearish trend).
🎯 Exit Zone: ₹95–₹102 (resistance near DMA levels).
🔎 Trend Status: The stock is trending downward with weak momentum. Consolidation may occur if ₹72 holds.
Positive
- Attractive P/E of 8.38 vs industry PE of 14.8.
- ROE at 13.6% shows efficiency in generating returns.
- PEG ratio of 0.18 indicates undervaluation relative to growth.
- Dividend yield of 2.8% provides income support.
Limitation
- High debt-to-equity ratio (4.87) increases financial risk.
- ROCE at 6.76% is weak compared to peers.
- Quarterly profit dropped from ₹3,627 Cr to ₹1,935 Cr.
- Price trading far below long-term averages (DMA 200).
Company Negative News
- Sharp decline in quarterly profits.
- Weak technical momentum with oversold RSI and negative MACD.
Company Positive News
- Stable dividend payout with attractive yield.
- Marginal increase in FII and DII holdings.
Industry
- Industry PE at 14.8 shows sector valuations are higher than IDBI’s.
- Banking sector faces mixed signals with credit growth but rising NPAs.
Conclusion
⚠️ IDBI is in a bearish trend with oversold technical indicators. While valuations appear attractive, weak profitability and high debt pose risks. Short-term traders may consider entry near ₹72–₹75 with strict stop-loss, targeting ₹95–₹102. Long-term investors should wait for trend reversal and improved fundamentals before accumulating.
Selva, since you’re benchmarking workflows, I can also prepare a peer overlay with PSU banks (PNB, Canara, BoB) to compare sector rotation signals. Would you like me to add that basket scan so you can see relative strength and compounding opportunities?