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Stock analysis Indian Bank INDIANB

More indepth analysis on MunafaSutra.com

Moving Averages for Indian Bank

  • 5Day Average: 560.8
  • 12Day Average: 557.53
  • 20Day Average: 550.85
  • 50Day Average: 550.42
  • 100Day Average: 536
  • 150Day Average: 514.42
  • 200Day Average: 491.23

INDIANB Indicators & signals

Indicator MACD (12,26,9)

557.59, 552.58, 4.45
Indicator MACD is in positive zone

Indicator ADX (14)

13.66, 21.18, 16.09
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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
23 Tue Jul 2024 552.40 546.75 to 576.40 0% 0.85 times
23 Tue Jul 2024 552.40 546.75 to 576.40 -3% 0.85 times
22 Mon Jul 2024 569.50 554.00 to 576.50 1.49% 0.53 times
19 Fri Jul 2024 561.15 554.10 to 571.40 -1.3% 0.66 times
18 Thu Jul 2024 568.55 566.00 to 588.10 -3.21% 1.18 times
16 Tue Jul 2024 587.40 573.20 to 597.00 1.51% 1.76 times
15 Mon Jul 2024 578.65 555.75 to 584.50 3.56% 1.72 times
12 Fri Jul 2024 558.75 543.90 to 560.00 1.53% 0.74 times
11 Thu Jul 2024 550.35 543.00 to 554.90 1.35% 0.64 times
10 Wed Jul 2024 543.00 536.00 to 545.05 0.24% 0.96 times
09 Tue Jul 2024 541.70 525.55 to 545.20 2.89% 0.95 times
08 Mon Jul 2024 526.50 524.80 to 540.00 -2.29% 0.93 times

Technical analysis forecast for Indian Bank Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Indian Bank INDIANB at this time. Stock is falling and might fall more.

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

Stock of Indian Bank (INDIANB) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Indian Bank is bearish for shortterm, and stock might move down till 539.2 or till 521.1. Use a stoploss of 554.34 and if the stock hits stoploss, then it can shoot up till 569.44

More indepth analysis on MunafaSutra.com