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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 264026

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	52.65	49.25	55.80	48.55	16.096 times
24 Wed Apr 2024	48.50	49.30	50.10	48.25	0.572 times
23 Tue Apr 2024	48.95	50.60	50.80	48.15	1.492 times
22 Mon Apr 2024	48.75	48.00	49.30	47.55	0.981 times
19 Fri Apr 2024	47.30	46.60	48.10	45.55	0.962 times
18 Thu Apr 2024	48.05	48.75	49.95	47.80	0.427 times
16 Tue Apr 2024	47.55	47.50	49.90	47.20	0.628 times
15 Mon Apr 2024	47.65	49.30	49.60	47.20	1.105 times
12 Fri Apr 2024	50.80	48.00	51.95	47.10	2.519 times
10 Wed Apr 2024	48.75	48.90	49.80	48.20	0.59 times

Stock of Indbank Merchant (INDBANK) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53.7, for a target of 50.4 or 47.75

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	44.65
Downside Target	45.55
Downside Target	47.10
Downside Target	49.95
Downside Target	51.40
Upside Target	54.65
Upside Target	55.80
Upside Target	56.40
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	48.2
Downside Intraday Target	43.75
Upside Intraday Target	56.45
Upside Intraday Target	60.25
Downside Intraday Target	52

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	52.65	48.00	55.80	47.55	6.13 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indbank Merchant (INDBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	52.65	43.20	55.80	43.20	0.697 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 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Indbank Merchant in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.29 and Indbank Merchant (INDBANK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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