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Technicals for Indian Bank
By MusingTheNews
2025-06-13 20:39
Overall Technical outlook
Price Summary
In today's trading session, INDIANB's shares climbed by 2.5%, marking a robust day. On 2025-06-13, Indian Bank's stock opened at 609.6, reached 629.9, hit a low of 606.0, and rose 2.5% to close at 624.85, with 3873409 shares traded. The stock's highest price over the 52-week span is 651.8, while the lowest price is 475.8. 10 analysts estimate that the future price of INDIANB will fall between 600.0 and 735.0, with an average price expectation of approximately 664.6.
Technicals
Support and Resistance: The price sits at 624.85, supported by 611.5 and resisted by 632.4. This indicates a trading range where 611.5 provides a floor, preventing declines, and 632.4 acts as a ceiling, limiting further price increases for INDIANB. Support/Resistance for INDIANB
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Indian Bank
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for Indian Bank
Parabolic SAR: The PSAR continues its bearish trend for Indian Bank, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for Indian Bank
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Indian Bank
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are starting to waver. This weakening of the bearish momentum could indicate that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should be alert for signs of a trend change as the current downtrend may be losing steam. Tripple SMA chart for Indian Bank
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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