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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.

10 day averaged volume of Indbank Merchant is 304344

Date Daily Closing Price Open High Low Volume
15 Thu Apr 2021 13.70 14.30 14.60 13.20 0.52 times
13 Tue Apr 2021 14.30 13.60 15.40 13.60 1.843 times
12 Mon Apr 2021 13.70 15.40 15.40 13.10 1.825 times
09 Fri Apr 2021 15.90 14.60 16.50 13.80 4.598 times
08 Thu Apr 2021 13.95 13.60 14.35 13.25 0.532 times
07 Wed Apr 2021 13.30 13.35 13.50 12.65 0.277 times
06 Tue Apr 2021 13.00 12.65 13.35 12.50 0.147 times
05 Mon Apr 2021 12.65 12.85 13.00 12.50 0.137 times
01 Thu Apr 2021 12.85 13.15 13.30 12.60 0.102 times
31 Wed Mar 2021 12.60 13.00 13.40 12.15 0.274 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 14.1 as stoploss in an intra day sell trade for a target of 13.29. However, stock will show a bullish move above 14.1.

Share price targets for Indbank Merchant (INDBANK)

Target Type Value
Downside Target 9.20
Downside Target 10.10
Downside Target 10.40
Downside Target 11.80
Downside Target 12.10
Downside Target 12.50
Downside Target 13.10
Downside Target 13.60
Upside Target 14.00
Upside Target 15.40
Upside Target 16.00
Upside Target 16.50
Upside Target 18.60

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type Value
Downside Intraday Target 12.73
Downside Intraday Target 11.77
Upside Intraday Target 15.03
Upside Intraday Target 16.37
Upside Intraday Target 14.07

Weekly technical analysis of Indbank Merchant (INDBANK)

Date Weekly Closing Price Open High Low Volume
15 Thu Apr 2021 13.70 15.40 15.40 13.10 0.736 times
09 Fri Apr 2021 15.90 12.85 16.50 12.50 8.857 times
01 Thu Apr 2021 12.85 13.25 13.60 12.15 0.568 times
26 Fri Mar 2021 12.85 12.10 14.00 12.10 0.695 times
19 Fri Mar 2021 12.60 13.85 14.25 11.80 0.638 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
15 Thu Apr 2021 13.70 13.15 16.50 12.50 1.138 times
31 Wed Mar 2021 12.60 15.95 16.00 11.80 0.208 times
25 Thu Feb 2021 15.45 10.65 18.60 10.40 4.033 times
29 Fri Jan 2021 10.60 11.25 12.70 10.10 0.975 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)

Indicator Name Indicator Value Indicator Signal
ADX 24, 15, 21 Buy
MACD 0, 0Buy
Stochastics 40None
CCI 21Sell
RSI 52Buy
OBV 1408673Sell
VWAP 15Sell
ADL 0Sell
ROC 6Buy
Force Index 0Sell

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 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.

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.

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. Bears 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Indbank Merchant is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.73 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.

Click here for Indbank Merchant charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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