Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

Showing technical analysis as on 2024-02-27 View latest technical analysis

10 day averaged volume of Indbank Merchant is 343970

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	49.70	51.55	51.75	49.45	0.434 times
26 Mon Feb 2024	51.05	49.50	51.80	48.80	1.502 times
23 Fri Feb 2024	49.15	49.80	50.70	49.00	0.511 times
22 Thu Feb 2024	49.35	49.35	49.70	48.00	0.539 times
21 Wed Feb 2024	49.40	51.20	52.20	49.00	0.808 times
20 Tue Feb 2024	51.15	52.05	52.45	51.00	0.411 times
19 Mon Feb 2024	52.05	51.80	53.10	51.50	0.564 times
16 Fri Feb 2024	51.45	52.90	53.30	51.25	0.898 times
15 Thu Feb 2024	52.55	50.95	53.90	50.90	2.099 times
14 Wed Feb 2024	50.30	48.55	51.35	47.50	1.007 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.7 as stoploss in an intra day buy trade for a target of 51.52. However, stock will show a bearish move below 48.7.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	26.50
Downside Target	29.15
Downside Target	34.00
Downside Target	36.65
Downside Target	42.05
Downside Target	43.45
Downside Target	47.00
Downside Target	48.00
Upside Target	49.85
Upside Target	51.80
Upside Target	53.10
Upside Target	54.65
Upside Target	54.90
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	48.4
Downside Intraday Target	47.1
Upside Intraday Target	51.4
Upside Intraday Target	53.1
Upside Intraday Target	50.1

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	49.70	49.50	51.80	48.80	0.683 times
23 Fri Feb 2024	49.15	51.80	53.10	48.00	0.403 times
16 Fri Feb 2024	51.45	54.85	54.90	47.00	0.23 times
09 Fri Feb 2024	54.30	50.25	60.65	49.85	0.743 times
02 Fri Feb 2024	49.85	43.70	54.65	43.45	5.95 times

Price has moved up 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
27 Tue Feb 2024	49.70	49.45	60.65	47.00	0.68 times
31 Wed Jan 2024	49.45	38.00	54.65	37.30	14.899 times
29 Fri Dec 2023	38.00	41.45	42.05	36.65	0.062 times
20 Wed Sep 2023	40.45	32.00	47.05	29.15	3.12 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer 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.

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 SELL signal for Indbank Merchant in short term but the sell signal is initial and weak.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 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 and Indbank Merchant (INDBANK) stock is trading below this level. This means that stock is falling with high volumes. 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.