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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 214967

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 43.15 42.60 44.65 42.55 1.146 times
27 Wed Mar 2024 42.50 42.55 43.95 42.15 0.52 times
26 Tue Mar 2024 42.85 43.40 44.20 42.60 0.614 times
22 Fri Mar 2024 43.40 43.00 44.20 42.55 0.475 times
21 Thu Mar 2024 42.80 41.10 43.50 41.10 0.828 times
20 Wed Mar 2024 40.20 41.60 42.60 39.95 0.695 times
19 Tue Mar 2024 41.35 41.60 43.20 41.10 0.52 times
18 Mon Mar 2024 42.55 43.45 44.50 42.30 0.514 times
15 Fri Mar 2024 43.95 45.45 45.75 42.00 1.088 times
14 Thu Mar 2024 44.80 39.50 45.60 39.50 2.737 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 41.4 as stoploss in an intra day buy trade for a target of 45.22. However, stock will show a bearish move below 41.4.

Share price targets for Indbank Merchant (INDBANK)

Target Type Value
Downside Target 29.15
Downside Target 36.65
Downside Target 39.25
Downside Target 42.05
Upside Target 44.50
Upside Target 46.15
Upside Target 47.05
Upside Target 49.75
Upside Target 51.80
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 41.98
Downside Intraday Target 40.82
Upside Intraday Target 44.48
Upside Intraday Target 45.82
Upside Intraday Target 43.32

Weekly technical analysis of Indbank Merchant (INDBANK)

Date Weekly Closing Price Open High Low Volume
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
15 Fri Mar 2024 43.95 49.30 49.75 39.25 0.222 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

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
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
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 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 neutral. A longer time frame might give a better analysis.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Indbank Merchant stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indbank Merchant in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indbank Merchant in short term and BUY 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 43.3 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.

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 neutral. A longer time frame might give a better analysis.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Indbank Merchant stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indbank Merchant in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indbank Merchant in short term and BUY 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 43.3 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.

Click here for Indbank Merchant charts

Click here for further forecast and predictions for tomorrow

Daily charts

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