🔥 Indian Bank: PSU Momentum Back in Action
INDIANB is clearly back on the radar as price resumes its upward march after a healthy consolidation.
What stands out:
📈 Strong breakout with higher highs & higher lows
🔵 Price comfortably above short-term moving averages
📊 Volume expansion supports the move
📉 RSI recovering strongly, indicating renewed momentum
The bigger picture:
Indian Bank continues to benefit from PSU banking tailwinds. As long as the stock holds above its recent breakout zone, the structure remains bullish. Any short-term dips towards moving averages may act as buying opportunities rather than trend reversals.
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