INDIANB - Technical Analysis

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

Technical Rating: 3.7

Here’s an insightful technical breakdown of Indian Bank (INDIANB), drawing out trend signals, chart metrics, and tactical price zones

📉 Trend Overview

Current Price ₹630 is trading above both 50-DMA (₹623) and 200-DMA (₹574) → confirms a bullish medium-term setup with stable trend support.

Price has climbed over 30% from its 52-week low (₹474) and is hovering just under the 52-week high (₹659) → signals potential trend continuation.

🧭 Trend Status: Trending Up, though showing signs of consolidation near highs.

🔁 Momentum Indicators

RSI (49.0): Positioned in neutral zone → indicates balance in buying/selling pressure; no signs of exhaustion.

MACD (1.44): Positive and slightly rising → signals underlying bullish momentum but not aggressive.

Volume (22.1L) vs Avg Vol (27.3L): Slight dip → suggests profit-booking or pause, typical near resistance.

📊 Bollinger Bands

Price likely drifting in upper-mid band, signifying trend holding without breakout intensity.

Band not squeezing → no volatility spike imminent, but range-bound action possible.

📐 Support & Resistance Matrix

Zone Type Price Range (₹) Commentary

Support 610 – 625 DMA cushion and recent price base

Resistance 655 – 659 52-week high zone and psychological ceiling

Breakout Zone 665+ Fresh high → potential upside toward ₹690+

🎯 Trade Strategy

Entry Zone: ₹615–₹630 (buy-on-dip near support, favorable RSI + MACD)

Exit Zone: ₹655–₹659 (profit booking near resistance)

Stop Loss: ₹600 (below support cluster, negates bullish setup)

🔍 Conclusion

Indian Bank is trending steadily upward, supported by DMA alignment and improving chart structure.

Momentum is stable but not overheated, suggesting traders may look for range breakout or dip-buy opportunities.

A decisive push above ₹659 could trigger upside toward ₹675–₹690 zone.

Curious how other public sector banks like Bank of Baroda or Canara Bank stack up? I can whip up a sector overlay and reveal who's flashing strongest breakout potential 🔍📊

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