INDGN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

Here’s a comprehensive technical breakdown of INDGN

📊 Trend Overview

Phase: Trending upward with moderate strength

Price Action: Trading above both 50-DMA (₹568) and 200-DMA (₹579), confirming bullish alignment and trend continuation.

Volume: Below average (3.14L vs 5.49L), indicating reduced participation — a cautionary signal for breakout sustainability.

📈 Momentum Indicators

RSI (61.5): Bullish zone — momentum is positive but not yet overheated.

MACD (3.31): Positive and diverging — confirms upward momentum and trend strength.

Bollinger Bands: Price likely near the upper band, suggesting strength but also potential for short-term resistance or pause.

🧭 Chart Patterns

Ascending Channel: Price has been forming higher lows from ₹485, indicating a sustained uptrend.

Breakout Setup: Price is approaching a resistance zone near ₹600–₹620, which could trigger a fresh rally if breached.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 568 50-DMA, short-term base

Support 2 550 Previous swing low

Support 3 520 Long-term support zone

Resistance 1 600 Minor resistance zone

Resistance 2 620 Pre-high congestion zone

Major Resistance 737 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹568–₹585 (on dips with volume confirmation)

Short-Term Target: ₹600–₹620

Exit Zone / Stop-Loss: ₹550 (below swing support)

🔄 Short-Term Outlook

Momentum: Positive and building

Bias: Bullish above ₹568; cautious below ₹550

Phase: Trending — with breakout potential

🧠 Key Takeaways

INDGN is in a healthy uptrend supported by bullish indicators and proximity to key resistance.

RSI and MACD confirm momentum, while moving averages reinforce trend strength.

A decisive close above ₹600 with volume could unlock upside toward ₹620–₹737.

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