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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 2024-12-05 View latest technical analysis

10 day averaged volume of Indbank Merchant is 209088

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	48.97	49.98	50.47	48.00	0.796 times
04 Wed Dec 2024	49.98	50.00	50.73	49.00	2.307 times
03 Tue Dec 2024	49.52	44.42	50.99	44.40	5.983 times
02 Mon Dec 2024	44.27	43.26	44.50	43.00	0.281 times
29 Fri Nov 2024	43.26	43.79	44.03	42.80	0.192 times
28 Thu Nov 2024	43.56	43.60	44.49	43.10	0.183 times
27 Wed Nov 2024	43.22	43.11	43.89	42.43	0.226 times
26 Tue Nov 2024	43.11	42.65	43.99	42.50	0.139 times
25 Mon Nov 2024	42.63	42.70	43.68	42.30	0.322 times
22 Fri Nov 2024	41.81	42.30	42.31	41.45	0.183 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 49.7, for a target of 46.7 or 44.23

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	41.10
Downside Target	42.30
Downside Target	44.49
Downside Target	46.01
Downside Target	46.50
Downside Target	46.66
Downside Target	48.10
Upside Target	50.99
Upside Target	52.00
Upside Target	55.48

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	44.32
Downside Intraday Target	39.66
Upside Intraday Target	52.31
Upside Intraday Target	55.64
Downside Intraday Target	47.65

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	48.97	43.26	50.99	43.00	8.827 times
29 Fri Nov 2024	43.26	42.70	44.49	42.30	1.919 times
22 Fri Nov 2024	41.81	41.68	43.59	41.10	0.8 times
14 Thu Nov 2024	41.68	44.62	44.88	41.31	0.396 times
08 Fri Nov 2024	44.33	45.58	46.50	43.41	0.801 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indbank Merchant (INDBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	48.97	43.26	50.99	43.00	2.275 times
29 Fri Nov 2024	43.26	45.85	46.50	41.10	0.443 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Indbank Merchant stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Indbank Merchant in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 48.66 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.