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(INDBANK) Indbank Merchant complete technical analysis [charts+indicators] | Buy/Sell Indbank Merchant | (INDBANK) share price targets

Complete technical analysis of Indbank Merchant (INDBANK) by charts plus indicators, forecast predictions and share price targets for Indbank Merchant (INDBANK)

Indbank Merchant trades in NSE in Other Financial Services sector.

10 day averaged volume of Indbank Merchant is 278825

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	47.30	46.60	48.10	45.55	0.911 times
18 Thu Apr 2024	48.05	48.75	49.95	47.80	0.404 times
16 Tue Apr 2024	47.55	47.50	49.90	47.20	0.595 times
15 Mon Apr 2024	47.65	49.30	49.60	47.20	1.046 times
12 Fri Apr 2024	50.80	48.00	51.95	47.10	2.386 times
10 Wed Apr 2024	48.75	48.90	49.80	48.20	0.558 times
09 Tue Apr 2024	48.20	48.60	50.70	47.30	0.686 times
08 Mon Apr 2024	49.00	50.05	50.50	48.20	0.481 times
05 Fri Apr 2024	50.55	50.55	51.40	49.85	0.714 times
04 Thu Apr 2024	50.55	50.00	51.25	49.50	1.301 times

My analysis of stock is bullish for shortterm, and stock might move up till 49.4 or till 53.3. Use a stoploss of 46.19 and if this stock hits its stoploss, then it can fall down till 42.94

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	36.65
Downside Target	39.25
Downside Target	42.05
Downside Target	43.20
Downside Target	44.50
Downside Target	45.55
Downside Target	47.10
Upside Target	49.95
Upside Target	51.40
Upside Target	51.95
Upside Target	54.65
Upside Target	56.40
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	45.25
Downside Intraday Target	43.2
Upside Intraday Target	49.65
Upside Intraday Target	52
Upside Intraday Target	47.6

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	47.30	49.30	49.95	45.55	0.719 times
12 Fri Apr 2024	50.80	50.05	51.95	47.10	0.77 times
05 Fri Apr 2024	50.55	43.20	51.40	43.20	3.039 times
28 Thu Mar 2024	43.15	43.40	44.65	42.15	0.752 times
22 Fri Mar 2024	43.40	43.45	44.50	39.95	0.328 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indbank Merchant (INDBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	47.30	43.20	51.95	43.20	0.283 times
28 Thu Mar 2024	43.15	48.25	56.40	39.25	0.709 times
29 Thu Feb 2024	47.60	49.45	60.65	46.15	0.693 times
31 Wed Jan 2024	49.45	38.00	54.65	37.30	14.899 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indbank Merchant (INDBANK)

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indbank Merchant stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Indbank Merchant in short term and the buy signal is strong.

Indbank Merchant Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indbank Merchant in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Indbank Merchant is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 49.28 and Indbank Merchant (INDBANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indbank Merchant (INDBANK) stock. Volume based technical analysis of Indbank Merchant (INDBANK) stock is negative.

Indbank Merchant Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.