business
INDIAN BANK
Price action: A strong, steady uptrend from ~₹300 (2023) into a high near ₹1,000, now pulling back. Price (₹876.90, -2.02%) is consolidating between 803.55 support and the 923.00 resistance shelf after the recent high, a fairly typical pullback-within-uptrend structure rather than a trend break. No major trendline violation visible. RRG read: RS-Ratio/Momentum (99.06/100.27) have oscillated between green and orange through the uptrend, currently sitting close to the midline after cooling off from a stronger Leading phase earlier in the move. Levels to watch: As long as ₹803.55 holds, this reads as a routine correction within the larger uptrend; a break below shifts the structure toward a deeper mean-reversion move. Reclaiming ₹923 would resume the primary trend.
Read full article on Tradingview