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Stock analysis Indian Bank INDIANB

More indepth analysis on MunafaSutra.com

Moving Averages for Indian Bank

  • 5Day Average: 428.69
  • 12Day Average: 421.1
  • 20Day Average: 409.65
  • 50Day Average: 388.04
  • 100Day Average: 340.15
  • 150Day Average: 323.79
  • 200Day Average: 315.11

INDIANB Indicators & signals

Indicator MACD (12,26,9)

421.37, 407.93, 12.1
Indicator MACD is in positive zone

Indicator ADX (14)

36.31, 23.99, 11.21
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INDIANB Indian Bank are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 432.90 431.30 to 444.80 -1.9% 0.56 times
03 Tue Oct 2023 441.30 421.15 to 445.10 4.19% 0.65 times
29 Fri Sep 2023 423.55 418.00 to 428.80 2.33% 0.5 times
28 Thu Sep 2023 413.90 404.30 to 444.00 -4.15% 1.45 times
27 Wed Sep 2023 431.80 425.55 to 446.50 0.85% 1.06 times
26 Tue Sep 2023 428.15 425.80 to 433.00 -0.64% 0.36 times
25 Mon Sep 2023 430.90 418.30 to 435.00 2.39% 0.71 times
22 Fri Sep 2023 420.85 407.40 to 434.15 3.94% 1.92 times
21 Thu Sep 2023 404.90 400.10 to 427.90 -2.47% 1.2 times
20 Wed Sep 2023 415.15 402.50 to 418.00 0.73% 0.47 times
18 Mon Sep 2023 412.15 397.05 to 424.30 3.63% 1.67 times
15 Fri Sep 2023 397.70 392.60 to 409.50 -0.72% 0.61 times

Technical analysis forecast of Indian Bank Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Indian Bank INDIANB at this time. Stock is rising and might rise more.

It appears as if Indian Bank INDIANB gave a large move recently.

Stock of Indian Bank (INDIANB) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Indian Bank is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Indian Bank stays above 430.6, but if it comes below 430.6, then a intra day sell could be more profitable.
If you take a sell trade below 430.6, then use 430.6 as stoploss and 413.37 as target. However if you take a buy trade in Indian Bank, then use 430.6 as stoploss and 451.3 as target.

More indepth analysis on MunafaSutra.com