INDIANB - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.5

📈 INDIANB is strongly trending upward with high momentum and breakout volume, though short-term overbought signals suggest caution.

📊 Technical Analysis

• Trend Status: Trending — price is above both 50-DMA and 200-DMA, confirming a strong bullish trend.
• Moving Averages: Price ₹881 is well above 50-DMA (₹749) and 200-DMA (₹646), indicating sustained uptrend.
• RSI (81.0): Overbought zone, suggesting strong momentum but potential for short-term pullback.
• MACD (35.9): Bullish crossover, reinforcing strong upward momentum.
• Bollinger Bands: Price near upper band, signaling strength but also resistance.
• Volume: Current volume (51.7L) is significantly above weekly average (31.7L), confirming breakout interest.

🎯 Entry & Exit Zones

• Support Levels: ₹860, ₹825, ₹800
• Resistance Levels: ₹886 (52-week high), ₹900
• Optimal Entry: ₹850–₹865 (on pullback)
• Exit Target: ₹886–₹900 (resistance zone)

✅ Positive

• Strong ROE (17.1%) and EPS of ₹87.6 reflect solid profitability.
• PEG ratio of 0.25 suggests undervaluation relative to growth.
• Quarterly PAT increased to ₹3,018 Cr from ₹2,973 Cr, showing consistent earnings.
• FII and DII holdings increased, indicating institutional confidence.

⚠️ Limitation

• RSI in overbought territory may lead to short-term correction.
• Debt-to-equity ratio of 10.9 is high, typical for banks but worth monitoring.
• ROCE (6.38%) is modest, suggesting limited capital efficiency.

📉 Company Negative News

• Stock is trading near its 52-week high, which may act as resistance.

📈 Company Positive News

• Strong quarterly earnings and institutional accumulation signal growth optimism.
• Price has surged 86% from its 52-week low of ₹474, confirming bullish momentum.

🏭 Industry

• Banking sector remains robust with improving credit demand and digital transformation.
• Industry P/E (8.10) is lower than INDIANB’s (10.0), suggesting slight premium valuation.

🧾 Conclusion

• INDIANB is trending strongly with bullish technicals and solid fundamentals.
• Entry near ₹850–₹865 could offer a favorable setup with targets around ₹886–₹900.
• Investors should monitor RSI and debt levels for signs of exhaustion or continuation.