Indian Bank - Swing to Short-Term Investment Report
Current Price: 653.10
TECHNICAL SETUP OVERVIEW
Analysis Type: Monthly Chart | Investment Horizon: Short to Medium Term (6-18 months)
Key Observation: After a historic breakout from multi-year resistance, Indian Bank has established itself as a solid structure for accumulation with exceptional return potential.
BREAKOUT TIMELINE & PATTERN
Historical Resistance Battle (2018): Successfully tested 5 consecutive months.
Major Breakout (January 2024) Clean breakout above 2018 resistance level, Significance 6-year base breakout - high probability setup - Follow-through Strong momentum confirmed.
Bull flag Pattern formation, Price Range: 632-736. Building energy for next leg up
Structural Advantages:
1. Clean Breakout Pattern
- No false breaks or whipsaws
- Volume confirms genuine buying
2. Multiple Timeframe Confluence
- Monthly, weekly, daily all aligned bullish
- No conflicting signals
- High probability continuation
3. Measured Move Projections
- Targets based on historical patterns
- Flag pole height projects to 1,050+
- Conservative targets: 813-973
4. Fundamental Support
- PSU bank re-rating theme intact
- Improving asset quality
- Growing dividends (35% YoY growth)
- Strong Q4 profit growth (+31.56%)
Disclaimer: For educational purposes only. Manage risk appropriately and do your own research.
🎯 Trade Smart. Trade Safe. Accumulate Quality.
Current Price: 653.10
TECHNICAL SETUP OVERVIEW
Analysis Type: Monthly Chart | Investment Horizon: Short to Medium Term (6-18 months)
Key Observation: After a historic breakout from multi-year resistance, Indian Bank has established itself as a solid structure for accumulation with exceptional return potential.
BREAKOUT TIMELINE & PATTERN
Historical Resistance Battle (2018): Successfully tested 5 consecutive months.
Major Breakout (January 2024) Clean breakout above 2018 resistance level, Significance 6-year base breakout - high probability setup - Follow-through Strong momentum confirmed.
Bull flag Pattern formation, Price Range: 632-736. Building energy for next leg up
Structural Advantages:
1. Clean Breakout Pattern
- No false breaks or whipsaws
- Volume confirms genuine buying
2. Multiple Timeframe Confluence
- Monthly, weekly, daily all aligned bullish
- No conflicting signals
- High probability continuation
3. Measured Move Projections
- Targets based on historical patterns
- Flag pole height projects to 1,050+
- Conservative targets: 813-973
4. Fundamental Support
- PSU bank re-rating theme intact
- Improving asset quality
- Growing dividends (35% YoY growth)
- Strong Q4 profit growth (+31.56%)
Disclaimer: For educational purposes only. Manage risk appropriately and do your own research.
🎯 Trade Smart. Trade Safe. Accumulate Quality.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.