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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.

Showing technical analysis as on 2024-03-11 View latest technical analysis

10 day averaged volume of Indbank Merchant is 1007017

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	46.35	49.30	49.75	46.10	0.388 times
07 Thu Mar 2024	49.20	50.25	50.85	49.00	0.468 times
06 Wed Mar 2024	50.00	54.50	54.90	49.50	2.145 times
05 Tue Mar 2024	56.30	47.35	56.40	47.00	6.138 times
04 Mon Mar 2024	47.00	48.75	48.95	46.80	0.117 times
02 Sat Mar 2024	48.05	48.10	49.50	46.80	0.032 times
01 Fri Mar 2024	48.10	48.25	48.85	47.80	0.125 times
29 Thu Feb 2024	47.60	48.35	48.35	46.15	0.157 times
28 Wed Feb 2024	47.65	49.70	50.15	47.15	0.157 times
27 Tue Feb 2024	49.70	51.55	51.75	49.45	0.148 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.5, but if it comes above 47.5, then a intra day buy could be more profitable.
If you take a sell trade below 47.5, then use 47.5 as stoploss and 44.9 as target. However if you take a buy trade in stock , then use 47.5 as stoploss and 49.76 as target.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	29.15
Downside Target	36.65
Downside Target	42.05
Downside Target	46.10
Upside Target	48.00
Upside Target	49.75
Upside Target	51.80
Upside Target	53.10
Upside Target	54.65
Upside Target	54.90
Upside Target	56.40
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	45.05
Downside Intraday Target	43.75
Upside Intraday Target	48.7
Upside Intraday Target	51.05
Upside Intraday Target	47.4

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	46.35	49.30	49.75	46.10	0.044 times
07 Thu Mar 2024	49.20	48.75	56.40	46.80	7.838 times
02 Sat Mar 2024	48.05	49.50	51.80	46.15	1.169 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

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
11 Mon Mar 2024	46.35	48.25	56.40	46.10	0.55 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
29 Fri Dec 2023	38.00	41.45	42.05	36.65	0.062 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but buying is losing 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 53.59 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.