Indian Bank – Fundamental & Technical View
(Educational | SEBI Reg. INH000019886)
Fundamental:
Asset quality improving with lower GNPA/NNPA. Stable credit growth, steady NIMs, and strong government backing support medium-term outlook.
Technical:
Bounce from lower Bollinger Band. Price near 20-EMA shows stabilization. RSI (~50) recovering; MACD flattening indicates reduced selling pressure.
Key Levels:
Support: ₹790–770 | Major: ₹755
Resistance: ₹820 → ₹850–880
Bias:
Neutral-to-positive. Sustained move above ₹820 can trigger upside; below ₹755 structure weakens.
⚠️ Educational only; not investment advice.
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