Indian Bank – Fundamental & Technical View

Indian Bank – Fundamental & Technical Outlook (Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Fundamental Snapshot Indian Bank remains structurally strong with improving asset quality and stable growth outlook. GNPA & NNPA have consistently declined, reflecting better credit discipline Credit growth steady, supported by retail + MSME lending NIMs stable despite interest rate volatility Strong government backing provides balance sheet stability Overall, fundamentals support medium-term strength in PSU banking space. 🔹 Technical View Price has bounced from lower Bollinger Band after a corrective phase Currently trading near 20-EMA, indicating early trend stabilization RSI (~48–50) recovering from oversold zone, suggesting weakening bearish momentum MACD is flattening; downside pressure reducing Volume contraction during correction hints selling exhaustion 🔹 Key Levels Support Zones: ₹790 – ₹770 Major Support: ₹755 Resistance Levels: ₹820 (Immediate) ₹850 – ₹880 (Range breakout zone) 🔹 Bias Trend is neutral-to-positive. Sustained move above ₹820 can open the path toward ₹850–₹880. Below ₹755, structure weakens. ⚠️ Disclaimer: This is purely educational analysis and not a buy/sell recommendation.