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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 2024-08-29 View latest technical analysis

10 day averaged volume of Indbank Merchant is 122965

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	48.49	49.50	49.50	48.17	0.62 times
28 Wed Aug 2024	49.27	49.06	49.85	49.00	1.029 times
27 Tue Aug 2024	49.51	49.80	49.95	49.03	0.402 times
26 Mon Aug 2024	49.53	49.20	49.90	48.91	1.086 times
23 Fri Aug 2024	49.11	50.19	50.66	48.81	1.246 times
22 Thu Aug 2024	49.76	49.85	50.69	49.48	1.544 times
21 Wed Aug 2024	49.59	50.10	50.10	48.90	0.838 times
20 Tue Aug 2024	49.62	50.10	50.10	49.41	0.695 times
19 Mon Aug 2024	49.66	49.65	49.90	49.07	0.755 times
16 Fri Aug 2024	49.04	48.35	50.00	48.35	1.622 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 48.2 as stoploss in an intra day buy trade for a target of 49.37. However, stock will show a bearish move below 48.2.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	43.20
Downside Target	45.55
Downside Target	46.66
Upside Target	49.95
Upside Target	51.20
Upside Target	52.90
Upside Target	55.48
Upside Target	55.80
Upside Target	56.90
Upside Target	59.39

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	47.79
Downside Intraday Target	47.09
Upside Intraday Target	49.57
Upside Intraday Target	50.65
Upside Intraday Target	48.87

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	48.49	49.20	49.95	48.17	0.618 times
23 Fri Aug 2024	49.11	49.65	50.69	48.81	1.272 times
16 Fri Aug 2024	49.04	48.10	50.00	47.40	0.293 times
09 Fri Aug 2024	49.37	49.05	50.88	46.66	0.625 times
02 Fri Aug 2024	52.10	56.50	59.39	51.20	0.421 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
29 Thu Aug 2024	48.49	54.80	55.48	46.66	0.328 times
31 Wed Jul 2024	54.48	51.70	59.39	47.26	1.083 times
28 Fri Jun 2024	51.28	49.95	56.90	40.65	2.972 times
31 Fri May 2024	47.60	52.70	52.90	45.55	0.373 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Indbank Merchant in short term and the sell 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. Bears are getting stronger in this stock.

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 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

Stock of Indbank Merchant is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 49.36 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.