INDUSINDBK - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.4

Here’s a detailed technical analysis of IndusInd Bank Ltd (INDUSINDBK)

📊 Trend Overview

Phase: Reversing with bearish momentum

Price Action: Trading below both 50-DMA (₹779) and 200-DMA (₹893), confirming a strong downtrend and lack of recovery signals.

Volume: Slightly above average (23.47L vs 22.85L), indicating active selling pressure rather than accumulation.

📈 Momentum Indicators

RSI (35.6): Bearish zone — approaching oversold territory, signaling weakness and potential for technical bounce.

MACD (-14.0): Deeply negative — confirms strong bearish momentum and trend continuation.

Bollinger Bands: Price likely near or below the lower band, suggesting oversold conditions and possible short-term relief rally.

🧭 Chart Patterns

Descending Channel: Price has been forming lower highs and lower lows from ₹1,499, indicating a sustained downtrend.

Breakdown Structure: Recent price action shows failure to hold above key moving averages, reinforcing bearish sentiment.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 720 Minor pullback zone

Support 2 680 Previous swing low

Support 3 605 52-week low

Resistance 1 779 50-DMA, short-term ceiling

Resistance 2 820 Breakdown zone

Major Resistance 893 200-DMA, trend reversal trigger

🎯 Entry & Exit Zones

Optimal Entry: ₹720–₹735 (only with bullish reversal confirmation)

Short-Term Target: ₹779–₹820

Exit Zone / Stop-Loss: ₹680 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak and bearish

Bias: Bearish below ₹779; neutral-to-bullish only above ₹820

Phase: Reversing — but no confirmation of bottom yet

🧠 Key Takeaways

INDUSINDBK is in a strong downtrend with bearish indicators and failed support levels.

RSI and MACD confirm weakness, while price action suggests further downside risk unless a reversal is confirmed.

A close above ₹779 with volume could signal short-term recovery, but sustained strength only above ₹820.

Let me know if you’d like a chart visualization or screener of similar reversal candidates in the banking sector.

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