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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 2024-09-16 View latest technical analysis

10 day averaged volume of Indbank Merchant is 174186

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	50.08	50.70	51.74	49.10	0.572 times
13 Fri Sep 2024	50.46	49.50	52.00	49.11	2.027 times
12 Thu Sep 2024	49.07	48.60	49.40	47.36	2.125 times
11 Wed Sep 2024	48.08	49.00	49.70	47.99	0.62 times
10 Tue Sep 2024	48.72	48.35	49.19	48.35	0.355 times
09 Mon Sep 2024	48.28	48.31	48.49	47.50	0.378 times
06 Fri Sep 2024	48.38	49.89	50.37	48.03	0.879 times
05 Thu Sep 2024	49.99	48.54	50.69	48.01	2.036 times
04 Wed Sep 2024	48.12	49.00	49.09	47.77	0.614 times
03 Tue Sep 2024	49.36	49.90	49.90	48.31	0.369 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.8, but if it comes below 49.8, then a intra day sell could be more profitable.
If you take a sell trade below 49.8, then use 49.8 as stoploss and 49.15 as target. However if you take a buy trade in stock , then use 49.8 as stoploss and 50.6 as target.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	45.55
Downside Target	46.66
Upside Target	50.69
Upside Target	51.74
Upside Target	52.00
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	48.87
Downside Intraday Target	47.67
Upside Intraday Target	51.51
Upside Intraday Target	52.95
Upside Intraday Target	50.31

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	50.08	50.70	51.74	49.10	0.104 times
13 Fri Sep 2024	50.46	48.31	52.00	47.36	1.225 times
06 Fri Sep 2024	48.38	48.61	50.69	47.77	1.741 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

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
16 Mon Sep 2024	50.08	48.61	52.00	47.36	0.463 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 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 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 to mid 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Indbank Merchant in short term but the buy signal is initial and weak.

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 in or above 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 49.39 and Indbank Merchant (INDBANK) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.