Indian Bank – 1D

Trend: Primary uptrend remains intact. Recent move shows a pullback after testing highs, followed by consolidation above demand. Support & Resistance: Support: 765 – 770 (Demand Zone) Resistance: 895 (Fresh Breakout Level) Expected Move: As long as price holds above the demand zone, structure supports another attempt toward the breakout level near 895. Short Fundamentals Summary: Indian Bank has shown strong improvement in asset quality, profitability, and capital adequacy, aligning with the broader PSU banking turnaround theme. Final Verdict: Trend-positive PSU bank. Consolidation phase within a broader bullish structure.