INDIANB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | INDIANB | Market Cap | 1,13,613 Cr. | Current Price | 843 ₹ | High / Low | 923 ₹ |
| Stock P/E | 9.46 | Book Value | 581 ₹ | Dividend Yield | 1.93 % | ROCE | 6.38 % |
| ROE | 17.1 % | Face Value | 10.0 ₹ | DMA 50 | 837 ₹ | DMA 200 | 736 ₹ |
| Chg in FII Hold | 0.96 % | Chg in DII Hold | -0.80 % | PAT Qtr | 3,061 Cr. | PAT Prev Qtr | 3,018 Cr. |
| RSI | 47.5 | MACD | 17.2 | Volume | 20,98,269 | Avg Vol 1Wk | 18,60,541 |
| Low price | 478 ₹ | High price | 923 ₹ | PEG Ratio | 0.23 | Debt to equity | 10.7 |
| 52w Index | 82.0 % | Qtr Profit Var | 7.33 % | EPS | 89.2 ₹ | Industry PE | 7.64 |
📊 Chart Patterns & Trend: Indian Bank is consolidating near the 843 ₹ zone. Price is above both the 50 DMA (837 ₹) and 200 DMA (736 ₹), indicating medium-term strength but short-term indecision. Support is visible near 820–830 ₹, while resistance lies around 880–900 ₹.
📈 Moving Averages: Price trading above both 50 DMA and 200 DMA shows bullish bias. Sustained move above 860–870 ₹ would confirm momentum continuation.
📉 RSI: At 47.5, RSI is neutral, suggesting balanced buying and selling pressure.
📈 MACD: Positive (17.2), showing bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 870–880 ₹ could trigger momentum toward 900 ₹.
📊 Volume Trends: Current volume (20.9 lakh) is higher than average weekly volume (18.6 lakh), showing active participation and accumulation interest.
🎯 Entry Zone: 830–845 ₹ (support zone).
🎯 Exit Zone: 880–900 ₹ (resistance zone).
🔑 Stop Loss: 820 ₹ (below support).
Positive
- ROE at 17.1% indicates strong profitability.
- EPS at 89.2 ₹ supports valuation strength.
- Dividend yield of 1.93% adds income stability.
- Price trading above both 50 DMA and 200 DMA supports medium-term strength.
- Quarterly PAT improved from 3,018 Cr. to 3,061 Cr. (7.33% growth).
Limitation
- ROCE at 6.38% is modest compared to peers.
- Debt-to-equity ratio at 10.7 highlights high leverage typical of banks.
- Stock P/E at 9.46 is slightly higher than industry PE (7.64), suggesting limited valuation comfort.
Company Negative News
- DII holdings decreased (-0.80%), showing reduced domestic institutional confidence.
- High leverage could limit flexibility in adverse market conditions.
Company Positive News
- FII holdings increased (+0.96%), showing foreign investor confidence.
- Quarterly PAT growth supports earnings momentum.
- Strong 52-week performance with 82% index gain.
Industry
- Industry PE at 7.64 vs. stock PE at 9.46 highlights slight premium valuation.
- Banking sector supported by credit growth, government reforms, and digital adoption.
Conclusion
⚖️ Indian Bank is in a consolidation phase with bullish signals (MACD positive, price above DMAs). Medium-term outlook remains supported by strong fundamentals, EPS, and FII inflows. Entry near 830–845 ₹ offers margin of safety, while breakout above 870 ₹ could trigger momentum toward 900 ₹. Risk management is essential due to modest ROCE and high leverage.
Would you like me to extend this into a peer benchmarking overlay with other PSU banks (like SBI, PNB, and Bank of Baroda) to highlight relative strength and sector rotation opportunities?