INDIANB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | INDIANB | Market Cap | 1,14,741 Cr. | Current Price | 852 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 9.44 | Book Value | 581 ₹ | Dividend Yield | 1.91 % | ROCE | 6.32 % |
| ROE | 16.5 % | Face Value | 10.0 ₹ | DMA 50 | 904 ₹ | DMA 200 | 814 ₹ |
| Chg in FII Hold | 0.18 % | Chg in DII Hold | -0.07 % | PAT Qtr | 3,103 Cr. | PAT Prev Qtr | 3,061 Cr. |
| RSI | 36.6 | MACD | -6.11 | Volume | 98,84,300 | Avg Vol 1Wk | 48,24,734 |
| Low price | 540 ₹ | High price | 1,001 ₹ | PEG Ratio | 0.29 | Debt to equity | 11.2 |
| 52w Index | 67.7 % | Qtr Profit Var | 4.97 % | EPS | 90.2 ₹ | Industry PE | 7.99 |
📉 Indian Bank (INDIANB) is trading below its 50 DMA (₹904) but above the 200 DMA (₹814), showing short-term weakness but long-term support. RSI at 36.6 indicates oversold conditions, while MACD at -6.11 confirms bearish momentum. Bollinger Bands show price near the lower band, reflecting selling pressure. Current volume (98.8 lakh) is significantly above average (48.2 lakh), suggesting strong participation on the downside.
🔑 Short-term momentum signals: Bearish bias, with potential rebound only if price sustains above ₹860–₹870.
🎯 Entry Zone: ₹830–₹850 (support region)
🚪 Exit Zone: ₹890–₹910 (resistance region)
📊 Trend Status: Consolidating with bearish tilt
Positive
- Low P/E (9.44) compared to industry (7.99), still attractive
- Strong ROE (16.5%) highlights profitability
- Dividend yield of 1.91% provides steady income
- EPS at ₹90.2 supports valuation strength
- Quarterly PAT stable at ₹3,103 Cr. vs ₹3,061 Cr.
Limitation
- High debt-to-equity ratio (11.2)
- Weak ROCE (6.32%) compared to peers
- Price trading below 50 DMA, showing short-term weakness
- RSI at 36.6 indicates oversold momentum
Company Negative News
- Decline in DII holdings (-0.07%)
- Bearish technical indicators with RSI and MACD both weak
Company Positive News
- FII holdings increased (+0.18%), showing foreign investor confidence
- Quarterly PAT remained stable despite sector challenges
- Strong EPS and dividend yield support investor sentiment
Industry
- Industry PE at 7.99 highlights sector trading at lower multiples
- Banking sector facing credit growth challenges and regulatory tightening
Conclusion
⚖️ Indian Bank shows strong fundamentals with high ROE and stable PAT, but technicals remain weak with bearish RSI and MACD. Entry near ₹830–₹850 offers tactical opportunity, with profit booking around ₹890–₹910. Trend remains consolidative with bearish tilt, requiring sustained breakout above 50 DMA (₹904) for stronger upside momentum.
Would you like me to extend this into a peer overlay (benchmarking Indian Bank against Bank of India, Canara Bank, and Union Bank) to highlight sector-relative strength and positioning?