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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 2024-10-28 View latest technical analysis

10 day averaged volume of Indbank Merchant is 96460

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	44.39	43.65	45.90	42.21	2.397 times
25 Fri Oct 2024	42.01	43.10	43.10	41.12	0.559 times
24 Thu Oct 2024	43.14	43.95	44.49	42.50	0.597 times
23 Wed Oct 2024	42.89	42.58	43.92	41.55	0.718 times
22 Tue Oct 2024	42.58	45.06	45.48	42.12	1.951 times
21 Mon Oct 2024	44.91	45.65	46.23	44.61	0.8 times
18 Fri Oct 2024	45.63	45.66	45.95	44.70	0.546 times
17 Thu Oct 2024	45.67	47.89	47.94	45.11	0.94 times
16 Wed Oct 2024	47.44	45.65	48.10	44.66	2.44 times
15 Tue Oct 2024	45.53	46.00	46.00	44.64	0.772 times

Stock of Indbank Merchant (INDBANK) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 43.2 or till 41.4. Use a stoploss of 44.63 and if the stock hits stoploss, then it can shoot up till 46.08

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	40.65
Downside Target	42.00
Downside Target	43.45
Upside Target	45.25
Upside Target	47.26
Upside Target	47.35
Upside Target	48.10
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	42.43
Downside Intraday Target	40.48
Upside Intraday Target	46.12
Upside Intraday Target	47.86
Downside Intraday Target	44.17

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	44.39	43.65	45.90	42.21	0.518 times
25 Fri Oct 2024	42.01	45.65	46.23	41.12	0.86 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

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
28 Mon Oct 2024	44.39	46.27	48.10	41.12	0.547 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

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 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 in or above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 44.73 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 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.