INDUSINDBK - Technical Analysis

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

Technical Rating: 2.8

Let’s break down the current technical posture of IndusInd Bank (INDUSINDBK)—which is dealing with a heavy retracement and signaling caution through key chart metrics

📉 Trend Analysis

Price at ₹808 is below both 50-DMA (₹838) and 200-DMA (₹946) → signals a clear short-term downtrend with deteriorating medium-term sentiment.

Stock has dropped ~46% from its 52-week high ₹1499, with only a modest recovery from its low of ₹605.

52-week index of 22.7% reflects notable underperformance relative to its peak.

🧭 Trend Status: Reversing downward, with faint signs of base formation near ₹800 zone.

🔄 Momentum Indicators

RSI (37.7): Approaching oversold levels, hinting at potential technical bounce setup.

MACD (-4.57): Negative divergence remains strong → confirms sustained bearish pressure.

Volume (1.72 Cr) vs 1Wk Avg (62.1L): Spike in volume may point to capitulation or tactical accumulation.

📊 Bollinger Bands Insight

Likely hugging or breaching lower band, which highlights volatility expansion under bearish stress.

A reversal setup could emerge if price stabilizes with positive divergence.

🔧 Support & Resistance Zones

Zone Type Price Zone (₹) Technical Insights

Support 785 – 800 Demand zone with historical bounce setups

Resistance 840 – 855 50-DMA resistance + prior consolidation ceiling

Breakout Zone 880+ Only above 200-DMA can broader trend reversal begin

🎯 Trade Strategy

Entry: ₹790–₹805 (bounce trade zone with cautious positioning)

Exit: ₹840–₹855 (expected resistance band)

Stop Loss: ₹775 (just below recent base breakdown level)

📌 Conclusion

INDUSINDBK is under technical stress, with weak momentum and a deep drawdown from previous highs.

A short-term bounce could materialize near ₹800, but trend remains vulnerable until a MACD recovery + RSI crosses 50.

For positional entries, confirmation above ₹880 would be necessary to consider strength re-entry.

Want me to chart this setup against peers like Axis Bank or ICICI Bank to spot relative strength? Or pull up a historical drawdown overlay to estimate downside risk? I’ve got the data dialed in 🧮📈

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