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(INDIANB) Indian Bank complete technical analysis [charts+indicators] | Buy/Sell Indian Bank | (INDIANB) share price targets

Complete technical analysis of Indian Bank (INDIANB) by charts plus indicators, forecast predictions and share price targets for Indian Bank (INDIANB)

Indian Bank trades in NSE in Banks sector.

Showing technical analysis as on 2024-06-05 View latest technical analysis

10 day averaged volume of Indian Bank is 4005553

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	524.55	535.00	535.00	481.45	1.892 times
04 Tue Jun 2024	525.80	606.00	606.00	485.10	2.507 times
03 Mon Jun 2024	606.35	629.90	632.70	577.20	2.337 times
31 Fri May 2024	567.50	580.05	584.95	564.50	0.464 times
30 Thu May 2024	578.80	577.90	596.90	573.10	1.059 times
29 Wed May 2024	576.30	566.55	583.80	559.25	0.441 times
28 Tue May 2024	566.65	579.25	593.20	557.10	0.549 times
27 Mon May 2024	579.25	572.80	592.00	568.85	0.666 times
24 Fri May 2024	571.60	576.00	579.80	565.25	0.347 times
23 Thu May 2024	575.95	569.65	596.00	569.65	0.884 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 524 as stoploss in an intra day buy trade for a target of 551.39. However, stock will show a bearish move below 524.

Share price targets for Indian Bank (INDIANB)

Target Type	Value
Downside Target	467.30
Downside Target	481.45
Downside Target	500.40
Upside Target	534.00
Upside Target	547.40
Upside Target	565.75
Upside Target	573.75
Upside Target	596.00
Upside Target	596.90
Upside Target	632.70

Intraday share price targets for Indian Bank (INDIANB)

Target Type	Value
Downside Intraday Target	459.77
Downside Intraday Target	394.98
Upside Intraday Target	611.02
Upside Intraday Target	697.48
Upside Intraday Target	546.23

Weekly technical analysis of Indian Bank (INDIANB)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	524.55	629.90	632.70	481.45	2.119 times
31 Fri May 2024	567.50	572.80	596.90	557.10	1.004 times
24 Fri May 2024	571.60	536.10	596.00	534.00	1.507 times
18 Sat May 2024	540.05	515.05	547.40	500.40	0.516 times
10 Fri May 2024	514.30	549.50	551.30	509.10	1.756 times

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

Monthly technical analysis of Indian Bank (INDIANB)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	524.55	629.90	632.70	481.45	0.512 times
31 Fri May 2024	567.50	553.00	596.90	500.40	1.536 times
30 Tue Apr 2024	548.25	521.00	565.75	500.40	0.695 times
28 Thu Mar 2024	520.70	526.40	562.85	467.30	0.822 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 Indian Bank (INDIANB)

Price action analysis of Indian Bank ( (INDIANB) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Indian Bank ( (INDIANB) ) based on a short to mid 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 Indian Bank ( (INDIANB) ) 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 Indian Bank stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Indian Bank in short term but the sell signal is initial and weak.

Indian Bank 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indian Bank in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Indian Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 561.86 and Indian Bank (INDIANB) 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 Indian Bank (INDIANB) stock. Volume based technical analysis of Indian Bank (INDIANB) stock is negative.

Indian Bank Stock has given negative 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.