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Finkhoz Roboadvisory Services

9th Mar · SEBI-Registered Analyst

INDUSINDBK
Breaks Support as Bears Take Control”

INDUSINDBK
are showing a bearish setup after slipping below the crucial ₹900–₹885 support zone, indicating increasing selling pressure. The chart reflects a weakening structure with the price forming lower highs and now breaking down toward the ₹880 level. Momentum indicators also support the downside view, as the RSI is drifting toward the lower range while ADX remains subdued, suggesting the stock lacks strong bullish strength to reverse the trend. If the weakness continues, the next potential downside targets could emerge around ₹850–₹830. In my view, the technical structure currently favors the bears unless the stock quickly reclaims the ₹900 level.

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