Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-02 View latest technical analysis

10 day averaged volume of Indbank Merchant is 107396

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	48.89	48.61	49.23	48.20	0.969 times
30 Fri Aug 2024	48.61	48.68	48.98	48.26	0.595 times
29 Thu Aug 2024	48.49	49.50	49.50	48.17	0.709 times
28 Wed Aug 2024	49.27	49.06	49.85	49.00	1.179 times
27 Tue Aug 2024	49.51	49.80	49.95	49.03	0.46 times
26 Mon Aug 2024	49.53	49.20	49.90	48.91	1.243 times
23 Fri Aug 2024	49.11	50.19	50.66	48.81	1.427 times
22 Thu Aug 2024	49.76	49.85	50.69	49.48	1.768 times
21 Wed Aug 2024	49.59	50.10	50.10	48.90	0.959 times
20 Tue Aug 2024	49.62	50.10	50.10	49.41	0.795 times

My analysis of stock is bearish for shortterm, and stock might move down till 48.4 or till 47.6. Use a stoploss of 49.02 and if the stock hits stoploss, then it can shoot up till 49.68

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	45.55
Downside Target	46.66
Upside Target	49.95
Upside Target	50.00
Upside Target	50.69
Upside Target	50.88
Upside Target	52.90
Upside Target	55.48
Upside Target	56.90
Upside Target	59.39

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	48.32
Downside Intraday Target	47.74
Upside Intraday Target	49.35
Upside Intraday Target	49.8
Downside Intraday Target	48.77

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	48.89	48.61	49.23	48.20	0.231 times
30 Fri Aug 2024	48.61	49.20	49.95	48.17	0.72 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

Price has moved up 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
02 Mon Sep 2024	48.89	48.61	49.23	48.20	0.026 times
30 Fri Aug 2024	48.61	54.80	55.48	46.66	0.333 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

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)

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

Indbank Merchant Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

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 49.3 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.