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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 2024-11-01 View latest technical analysis

10 day averaged volume of Indbank Merchant is 93968

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	45.58	45.85	45.85	45.00	0.153 times
31 Thu Oct 2024	45.15	45.52	46.22	45.00	0.465 times
30 Wed Oct 2024	45.51	45.29	46.10	44.16	0.916 times
29 Tue Oct 2024	45.03	44.40	45.38	43.44	0.852 times
28 Mon Oct 2024	44.39	43.65	45.90	42.21	2.461 times
25 Fri Oct 2024	42.01	43.10	43.10	41.12	0.574 times
24 Thu Oct 2024	43.14	43.95	44.49	42.50	0.612 times
23 Wed Oct 2024	42.89	42.58	43.92	41.55	0.737 times
22 Tue Oct 2024	42.58	45.06	45.48	42.12	2.003 times
21 Mon Oct 2024	44.91	45.65	46.23	44.61	0.821 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 45.8 as stoploss in an intra day sell trade for a target of 44.47. However, stock will show a bullish move above 45.8.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	41.12
Downside Target	42.00
Downside Target	43.45
Downside Target	45.00
Upside Target	46.66
Upside Target	47.26
Upside Target	47.35
Upside Target	48.10
Upside Target	52.00
Upside Target	55.48
Upside Target	59.39

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	43.12
Downside Intraday Target	40.66
Upside Intraday Target	47.13
Upside Intraday Target	48.68
Downside Intraday Target	44.67

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	45.58	43.65	46.22	42.21	1.021 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
01 Fri Nov 2024	45.58	45.85	45.85	45.00	0.007 times
31 Thu Oct 2024	45.15	46.27	48.10	41.12	0.613 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

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indbank Merchant in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 43.94 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 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.