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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 2024-04-16 View latest technical analysis

10 day averaged volume of Indbank Merchant is 292721

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	47.55	47.50	49.90	47.20	0.567 times
15 Mon Apr 2024	47.65	49.30	49.60	47.20	0.997 times
12 Fri Apr 2024	50.80	48.00	51.95	47.10	2.272 times
10 Wed Apr 2024	48.75	48.90	49.80	48.20	0.532 times
09 Tue Apr 2024	48.20	48.60	50.70	47.30	0.653 times
08 Mon Apr 2024	49.00	50.05	50.50	48.20	0.458 times
05 Fri Apr 2024	50.55	50.55	51.40	49.85	0.68 times
04 Thu Apr 2024	50.55	50.00	51.25	49.50	1.239 times
03 Wed Apr 2024	49.15	45.70	50.00	44.80	1.742 times
02 Tue Apr 2024	45.65	44.35	46.90	44.35	0.764 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 49.1 as stoploss in an intra day sell trade for a target of 45.75. However, stock will show a bullish move above 49.1.

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	46.15
Downside Target	47.10
Upside Target	49.90
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	46.53
Downside Intraday Target	45.52
Upside Intraday Target	49.23
Upside Intraday Target	50.92
Upside Intraday Target	48.22

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	47.55	49.30	49.90	47.20	0.399 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
16 Tue Apr 2024	47.55	43.20	51.95	43.20	0.253 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 tired and bears are picking up momentum.

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

CCI has generated a buy signal for Indbank Merchant in short term but BUY signal is weak.

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 49.2 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 negative.

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