2026-08-07 11:03:56 am | Source: Religare Broking Ltd
Stock of the day - Indian Bank Ltd Target Rs. 940 - Religare Broking Ltd
Indian Bank Ltd
BUY CMP (Rs) 877.90 Range* 875-878 SL Target 844 940
* Indian Bank is showing a constructive bullish structure after rebounding from a key demand zone while sustaining above its medium- and long-term moving averages, reaffirming the prevailing uptrend.
* The recent breakout above a declining trendline, accompanied by improving volumes and a higher high–higher low formation, reflects strengthening buying momentum.
* Momentum indicators continue to improve, supporting further upside potential.
* Investors may consider buying the stock within the recommended buying range.
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