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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 2024-12-09 View latest technical analysis

10 day averaged volume of Indbank Merchant is 229153

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	47.82	48.99	49.53	47.50	0.463 times
06 Fri Dec 2024	48.56	49.00	49.87	48.26	0.485 times
05 Thu Dec 2024	48.97	49.98	50.47	48.00	0.726 times
04 Wed Dec 2024	49.98	50.00	50.73	49.00	2.105 times
03 Tue Dec 2024	49.52	44.42	50.99	44.40	5.459 times
02 Mon Dec 2024	44.27	43.26	44.50	43.00	0.257 times
29 Fri Nov 2024	43.26	43.79	44.03	42.80	0.175 times
28 Thu Nov 2024	43.56	43.60	44.49	43.10	0.167 times
27 Wed Nov 2024	43.22	43.11	43.89	42.43	0.206 times
26 Tue Nov 2024	43.11	42.65	43.99	42.50	0.127 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 47.2, but if it comes below 47.2, then a intra day sell could be more profitable.
If you take a sell trade below 47.2, then use 47.2 as stoploss and 44.49 as target. However if you take a buy trade in stock , then use 47.2 as stoploss and 50.5 as target.

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	46.66
Downside Target	47.50
Upside Target	48.10
Upside Target	49.53
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	47.04
Downside Intraday Target	46.25
Upside Intraday Target	49.07
Upside Intraday Target	50.31
Upside Intraday Target	48.28

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	47.82	48.99	49.53	47.50	0.051 times
06 Fri Dec 2024	48.56	43.26	50.99	43.00	9.328 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

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
09 Mon Dec 2024	47.82	43.26	50.99	43.00	2.527 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

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 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 48.91 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 positive

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