INDIANB - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.3

Here’s a detailed technical analysis of Indian Bank (INDIANB)

📊 Trend Overview

Phase: Strong uptrend with breakout potential

Price Action: Trading well above both 50-DMA (₹660) and 200-DMA (₹602), confirming bullish momentum and trend strength.

Volume: Stable (9.45L vs 9.56L), indicating consistent participation and healthy liquidity.

📈 Momentum Indicators

RSI (67.1): Approaching overbought zone — signals strong momentum but caution for short-term traders.

MACD (12.5): Strongly positive and diverging — confirms bullish momentum and trend continuation.

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

🧭 Chart Patterns

Ascending Channel: Price has been forming higher highs and higher lows from ₹474, indicating a sustained uptrend.

Breakout Setup: Price is testing resistance near ₹712 — a breakout above this could trigger a fresh rally.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 660 50-DMA, short-term base

Support 2 620 Previous swing low

Support 3 602 200-DMA, long-term support

Resistance 1 712 52-week high, immediate ceiling

Resistance 2 740 Psychological level

Major Resistance 780 Extension target if breakout occurs

🎯 Entry & Exit Zones

Optimal Entry: ₹660–₹699 (on dips with volume confirmation)

Short-Term Target: ₹712–₹740

Exit Zone / Stop-Loss: ₹620 (below swing support)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹660; cautious below ₹620

Phase: Trending — with breakout potential

🧠 Key Takeaways

INDIANB is in a robust uptrend supported by bullish indicators and proximity to its 52-week high.

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

A decisive close above ₹712 with volume could unlock upside toward ₹740–₹780.

Let me know if you’d like a chart visualization or screener of similar breakout banking stocks.

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