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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 2024-10-21 View latest technical analysis

10 day averaged volume of Indbank Merchant is 88041

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	44.91	45.65	46.23	44.61	0.877 times
18 Fri Oct 2024	45.63	45.66	45.95	44.70	0.598 times
17 Thu Oct 2024	45.67	47.89	47.94	45.11	1.03 times
16 Wed Oct 2024	47.44	45.65	48.10	44.66	2.673 times
15 Tue Oct 2024	45.53	46.00	46.00	44.64	0.846 times
14 Mon Oct 2024	43.71	45.25	45.25	43.45	0.743 times
11 Fri Oct 2024	44.72	44.30	45.25	44.30	0.264 times
10 Thu Oct 2024	44.72	44.22	45.79	44.22	0.563 times
09 Wed Oct 2024	44.22	43.95	44.88	43.71	0.853 times
08 Tue Oct 2024	43.65	43.90	44.12	42.00	0.774 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 44.2 as stoploss in an intra day buy trade for a target of 45.81. However, stock will show a bearish move below 44.2.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	42.00
Downside Target	43.45
Downside Target	44.61
Upside Target	47.35
Upside Target	48.10
Upside Target	49.83
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	44.27
Downside Intraday Target	43.63
Upside Intraday Target	45.89
Upside Intraday Target	46.87
Upside Intraday Target	45.25

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	44.91	45.65	46.23	44.61	0.149 times
18 Fri Oct 2024	45.63	45.25	48.10	43.45	1.433 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

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
21 Mon Oct 2024	44.91	46.27	48.10	42.00	0.358 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 neutral. A longer time frame might give a better analysis.

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.

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 tired and bears are picking up momentum.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 45.55 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.