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Indian Bank

Check the daily chart of Indian Bank. The closing price of 2021-12-24 was INR 137.65 per share.

Indian Bank Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Indian Bank Daily Moving Averages ChartIndian Bank Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Indian Bank:

  • The Moving Average Convergence/Divergence (MACD) is -4.601. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Indian Bank Daily Moving Average Convergence/Divergence (MACD) ChartIndian Bank Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Indian Bank:

  • The ADX is 20.995. Absent or Weak Trend. -1
  • The ADX is rising, a new trend could be forming. +1
  • The +DI is lower than the -DI. The current trend is down. -2
Indian Bank Daily Directional Movement Index (DMI) ChartIndian Bank Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • Indian Bank Daily Parabolic SAR ChartIndian Bank Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    Indian Bank Daily Relative Strength Index (RSI) ChartIndian Bank Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Indian Bank Daily Stochastic Oscillator ChartIndian Bank Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Indian Bank Daily Commodity Channel Index (CCI) ChartIndian Bank Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Indian Bank Daily Chande Momentum Oscillator (CMO) ChartIndian Bank Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Indian Bank Daily Williams %R ChartIndian Bank Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Indian Bank Daily Bollinger Bands ChartIndian Bank Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Indian Bank Daily Average True Range (ATR) ChartIndian Bank Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Indian Bank Daily On-Balance Volume (OBV) ChartIndian Bank Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Indian Bank Daily Money Flow Index (MFI) ChartIndian Bank Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Indian Bank.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2021-12-14DMI LONG ENTRY SHORT CLOSE
    2021-12-16SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2021-12-17MACD SHORT ENTRY LONG CLOSE
    2021-12-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2021-12-23STOCH LONG ENTRY SHORT CLOSE20 crossover to upside

    5.2. Technical Score

    Let's check the technical score of Indian Bank based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5038.126
    Ma 20Greater thanMa 50146.248
    Ma 50Greater thanMa 100159.275
    Ma 100Greater thanMa 200145.129
    OpenGreater thanClose142.850
    Total3/5 (60.0%)

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