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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 2024-03-26 View latest technical analysis

10 day averaged volume of Indbank Merchant is 263849

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	42.85	43.40	44.20	42.60	0.5 times
22 Fri Mar 2024	43.40	43.00	44.20	42.55	0.387 times
21 Thu Mar 2024	42.80	41.10	43.50	41.10	0.675 times
20 Wed Mar 2024	40.20	41.60	42.60	39.95	0.566 times
19 Tue Mar 2024	41.35	41.60	43.20	41.10	0.424 times
18 Mon Mar 2024	42.55	43.45	44.50	42.30	0.419 times
15 Fri Mar 2024	43.95	45.45	45.75	42.00	0.887 times
14 Thu Mar 2024	44.80	39.50	45.60	39.50	2.23 times
13 Wed Mar 2024	40.05	44.30	44.95	39.25	1.637 times
12 Tue Mar 2024	44.15	46.75	46.90	43.85	1.296 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 41.9 as stoploss in an intra day buy trade for a target of 45.8. However, stock will show a bearish move below 41.9.

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	44.20
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	42.23
Downside Intraday Target	41.62
Upside Intraday Target	43.83
Upside Intraday Target	44.82
Upside Intraday Target	43.22

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	42.85	43.40	44.20	42.60	0.202 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
26 Tue Mar 2024	42.85	48.25	56.40	39.25	0.688 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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. Bears are weakening, and bulls 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 SELL signal for Indbank Merchant in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 42.89 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.