INDUSINDBK

INDUSIND BANK Under Pressure: Weak technical & Nifty50 Exit May Limit Upside – Watch 735 Level for Next Move

Technical View (Daily Chart):

IndusInd Bank has been in a clear downtrend since mid-July, with consistent lower highs and lower lows. The stock is trading well below its short-term (green), medium-term (blue), and long-term (cyan) moving averages, reflecting strong bearish momentum. The Parabolic SAR dots remain above the price, confirming ongoing selling pressure. The MACD is in negative territory with a weak histogram, showing no signs of bullish crossover yet. The RSI (14) around 37 indicates the stock is in the lower zone but not yet in oversold territory, suggesting that further downside cannot be ruled out. Immediate support is seen near ₹730–725, while resistance lies around ₹755–765 levels. Sustained trade below support could open room towards ₹700, while only a breakout above resistance may bring relief. News, Events & Impact IndusInd Bank’s exit from Nifty50 index effective from 30 September 2025 may negatively impact short-term market sentiment. CRISIL has reaffirmed the bank’s long-term rating as AA+/Negative but cautioned on short-term risks. RBI approved senior management changes, including CEO transition, adding to market uncertainty. Q2 earnings showed a decline in profit after tax (PAT) due to margin pressure and increased provisions. The bank reported a significant net loss last quarter mainly because of issues in derivatives and accounting lapses, leading to weak investor sentiment.