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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 2024-10-09 View latest technical analysis

10 day averaged volume of Indbank Merchant is 106351

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	44.22	43.95	44.88	43.71	0.706 times
08 Tue Oct 2024	43.65	43.90	44.12	42.00	0.641 times
07 Mon Oct 2024	42.94	45.55	46.40	42.02	1.372 times
04 Fri Oct 2024	45.45	45.66	46.58	45.25	0.429 times
03 Thu Oct 2024	45.65	45.51	46.75	45.51	0.674 times
01 Tue Oct 2024	47.00	46.27	47.35	46.26	0.555 times
30 Mon Sep 2024	46.27	46.66	46.66	46.01	0.504 times
27 Fri Sep 2024	46.66	46.76	47.74	46.11	1.388 times
26 Thu Sep 2024	47.06	48.02	48.49	46.61	1.98 times
25 Wed Sep 2024	48.02	48.47	49.24	47.75	1.798 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.2, but if it comes above 45.2, then a intra day buy could be more profitable.
If you take a sell trade below 45.2, then use 45.2 as stoploss and 42.8 as target. However if you take a buy trade in stock , then use 45.2 as stoploss and 47.26 as target.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	42.00
Upside Target	45.25
Upside Target	47.36
Upside Target	49.83
Upside Target	51.74
Upside Target	52.00
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	42.01
Downside Intraday Target	39.81
Upside Intraday Target	46.41
Upside Intraday Target	48.61
Downside Intraday Target	44.21

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	44.22	45.55	46.40	42.00	1.258 times
04 Fri Oct 2024	45.45	46.66	47.35	45.25	0.282 times
27 Fri Sep 2024	46.66	47.80	49.83	46.11	1.451 times
20 Fri Sep 2024	48.03	50.70	51.74	47.01	0.585 times
13 Fri Sep 2024	50.46	48.31	52.00	47.36	1.225 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
09 Wed Oct 2024	44.22	46.27	47.35	42.00	0.147 times
30 Mon Sep 2024	46.27	48.61	52.00	46.01	0.798 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

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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 weakening, and bulls are picking up momentum!

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 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 45.99 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.