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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 2024-03-12 View latest technical analysis

10 day averaged volume of Indbank Merchant is 994391

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	44.15	46.75	46.90	43.85	0.344 times
11 Mon Mar 2024	46.35	49.30	49.75	46.10	0.393 times
07 Thu Mar 2024	49.20	50.25	50.85	49.00	0.474 times
06 Wed Mar 2024	50.00	54.50	54.90	49.50	2.173 times
05 Tue Mar 2024	56.30	47.35	56.40	47.00	6.216 times
04 Mon Mar 2024	47.00	48.75	48.95	46.80	0.118 times
02 Sat Mar 2024	48.05	48.10	49.50	46.80	0.033 times
01 Fri Mar 2024	48.10	48.25	48.85	47.80	0.126 times
29 Thu Feb 2024	47.60	48.35	48.35	46.15	0.159 times
28 Wed Feb 2024	47.65	49.70	50.15	47.15	0.159 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 44, for a target of 47 or 49.53

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	29.15
Downside Target	36.65
Downside Target	42.05
Downside Target	43.85
Upside Target	46.15
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	42.08
Downside Intraday Target	40.02
Upside Intraday Target	47.98
Upside Intraday Target	51.82
Upside Intraday Target	45.92

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	44.15	49.30	49.75	43.85	0.082 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
12 Tue Mar 2024	44.15	48.25	56.40	43.85	0.57 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 53.33 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.