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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 2024-02-21 View latest technical analysis

10 day averaged volume of Indbank Merchant is 652786

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	49.40	51.20	52.20	49.00	0.426 times
20 Tue Feb 2024	51.15	52.05	52.45	51.00	0.217 times
19 Mon Feb 2024	52.05	51.80	53.10	51.50	0.297 times
16 Fri Feb 2024	51.45	52.90	53.30	51.25	0.473 times
15 Thu Feb 2024	52.55	50.95	53.90	50.90	1.106 times
14 Wed Feb 2024	50.30	48.55	51.35	47.50	0.531 times
13 Tue Feb 2024	48.75	48.20	49.95	47.00	0.875 times
12 Mon Feb 2024	48.20	54.85	54.90	47.20	0.717 times
09 Fri Feb 2024	54.30	54.45	56.10	52.00	1.141 times
08 Thu Feb 2024	54.25	57.45	58.00	53.60	1.896 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.4 or till 43. Use a stoploss of 51.01 and if the stock hits stoploss, then it can shoot up till 54.66

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	26.50
Downside Target	29.15
Downside Target	34.00
Downside Target	36.65
Downside Target	41.20
Downside Target	42.05
Downside Target	43.45
Downside Target	45.75
Downside Target	47.00
Downside Target	49.00
Upside Target	53.10
Upside Target	54.65
Upside Target	54.90
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	47.9
Downside Intraday Target	46.4
Upside Intraday Target	52
Upside Intraday Target	54.6
Upside Intraday Target	50.5

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	49.40	51.80	53.10	49.00	0.254 times
16 Fri Feb 2024	51.45	54.85	54.90	47.00	0.23 times
09 Fri Feb 2024	54.30	50.25	60.65	49.85	0.743 times
02 Fri Feb 2024	49.85	43.70	54.65	43.45	5.95 times
25 Thu Jan 2024	43.30	42.50	45.75	41.20	1.495 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
21 Wed Feb 2024	49.40	49.45	60.65	47.00	0.639 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
20 Wed Sep 2023	40.45	32.00	47.05	29.15	3.12 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 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 neutral. A longer time frame might give a better analysis.

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 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 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 51.93 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.