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Technicals for IDBI Bank Limited
By MusingTheNews
2026-02-02 20:38
Overall Technical outlook
Price Summary
On 2026-02-02, IDBI Bank Limited's stock opened at 99.99, reached a high of 100.2, dropped to a low of 96.7, and closed lower -0.36% at 99.63, with a trading volume of 13500986 shares. The stock's highest value over the last 52 weeks is 114.73, and the lowest value is 67.49.
Technicals
Support and Resistance: The current price of 99.63 for IDBI is supported at 97.58 and faces resistance at 102.18. These levels indicate that 97.58 could act as a floor, while 102.18 might limit any further price increases. Support/Resistance for IDBI
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for IDBI Bank Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for IDBI, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for IDBI Bank Limited
Parabolic SAR: The PSAR maintains a bearish outlook for IDBI, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued. Parabolic Stop and Reverse chart for IDBI Bank Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for IDBI Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages reflects a bearish trend, with their slopes confirming the strength of this momentum. The consistent downward movement in these averages indicates that the market is experiencing sustained bearish pressure for IDBI Bank Limited. This alignment and the reinforcing slopes suggest a continuing bearish trend, with the market likely to remain in a downtrend for the foreseeable future. Tripple SMA chart for IDBI Bank Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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