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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 2024-10-17 View latest technical analysis

10 day averaged volume of Indbank Merchant is 85441

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	45.67	47.89	47.94	45.11	1.061 times
16 Wed Oct 2024	47.44	45.65	48.10	44.66	2.754 times
15 Tue Oct 2024	45.53	46.00	46.00	44.64	0.872 times
14 Mon Oct 2024	43.71	45.25	45.25	43.45	0.765 times
11 Fri Oct 2024	44.72	44.30	45.25	44.30	0.272 times
10 Thu Oct 2024	44.72	44.22	45.79	44.22	0.58 times
09 Wed Oct 2024	44.22	43.95	44.88	43.71	0.878 times
08 Tue Oct 2024	43.65	43.90	44.12	42.00	0.798 times
07 Mon Oct 2024	42.94	45.55	46.40	42.02	1.708 times
04 Fri Oct 2024	45.45	45.66	46.58	45.25	0.534 times

My analysis of stock is bearish for shortterm, and stock might move down till 44.4 or till 42.4. Use a stoploss of 46.06 and if the stock hits stoploss, then it can shoot up till 47.72

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	42.00
Downside Target	43.45
Downside Target	45.25
Upside Target	48.10
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	43.38
Downside Intraday Target	41.09
Upside Intraday Target	48.03
Upside Intraday Target	50.39
Upside Intraday Target	45.74

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	45.67	45.25	48.10	43.45	1.287 times
11 Fri Oct 2024	44.72	45.55	46.40	42.00	1.574 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

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
17 Thu Oct 2024	45.67	46.27	48.10	42.00	0.317 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL 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 45.16 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.