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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 625446

Date Daily Closing Price Open High Low Volume
30 Fri Jul 2021 31.85 33.10 33.15 31.75 0.173 times
29 Thu Jul 2021 32.80 34.00 34.00 32.35 0.217 times
28 Wed Jul 2021 33.20 34.20 34.20 32.50 0.474 times
27 Tue Jul 2021 32.85 31.15 33.50 29.55 0.923 times
26 Mon Jul 2021 30.65 32.05 33.15 30.55 0.304 times
23 Fri Jul 2021 32.45 33.20 33.45 31.25 0.436 times
22 Thu Jul 2021 32.90 32.15 34.00 32.05 0.477 times
20 Tue Jul 2021 31.85 34.00 34.25 31.10 0.675 times
19 Mon Jul 2021 34.25 34.30 35.90 34.00 0.694 times
16 Fri Jul 2021 34.00 36.25 37.40 33.00 1.1 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 34.3 as stoploss in an intra day sell trade for a target of 29.32. However, stock will show a bullish move above 34.3.

Share price targets for Indbank Merchant (INDBANK)

Target Type Value
Downside Target 11.80
Downside Target 12.50
Downside Target 13.00
Downside Target 14.90
Downside Target 16.00
Downside Target 16.50
Downside Target 20.30
Downside Target 21.55
Downside Target 22.75
Downside Target 23.55
Downside Target 24.75
Downside Target 29.55
Downside Target 31.10
Upside Target 34.20
Upside Target 35.90
Upside Target 37.40

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type Value
Downside Intraday Target 29.53
Downside Intraday Target 27.22
Upside Intraday Target 34.18
Upside Intraday Target 36.52
Upside Intraday Target 31.87

Weekly technical analysis of Indbank Merchant (INDBANK)

Date Weekly Closing Price Open High Low Volume
30 Fri Jul 2021 31.85 32.05 34.20 29.55 0.916 times
23 Fri Jul 2021 32.45 34.30 35.90 31.10 0.142 times
16 Fri Jul 2021 34.00 24.00 37.40 22.75 10.136 times
09 Fri Jul 2021 22.90 23.00 23.55 21.55 0.112 times
02 Fri Jul 2021 22.75 20.70 24.75 20.30 2.478 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
30 Fri Jul 2021 31.85 22.85 37.40 21.55 0.644 times
30 Wed Jun 2021 22.70 15.90 24.75 14.90 4.125 times
31 Mon May 2021 15.85 13.20 16.70 13.00 1.278 times
30 Fri Apr 2021 13.20 13.15 16.50 12.50 1.566 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)

Indicator Name Indicator Value Indicator Signal
ADX 23, 17, 15 Buy
MACD 6, 6Sell
Stochastics 43None
CCI -54Sell
RSI 63Buy
OBV 9248451Sell
VWAP 33Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 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 32.98 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 positive

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

Click here for Indbank Merchant charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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