Indian Bank Stock Analysis: Spordiac Buy Signal on short term

📈 - January 5, 2024, 12:52 PM

Current Trading Price: ₹435.10 🏷️

Opening & Key Levels:

Today's Opening: ₹432.40 (Above 0.618 Fibonacci Level) ✅
Near 50-Day Moving Average: Indicating Bullish Trend 📊

Technical Indicators:

EMA & MA: No crossover yet 🔄
MACD: Histogram at 0.48, MACD at 0.70, Signal at 0.22 (Positive Crossover) 📈
RSI: Currently at mid-range, K at 55.02, D at 37.62 (Viable Range) 🎯
%R: At -29.83 (Supportive of Bullish Trend) ⬆️
Fisher Indicator: Positive crossover, Fisher at 0.80, Trigger at 0.27 (Mid-Range) ✨
Parabolic SAR: Buy signal at ₹391.00 🟢

Target Prices & Stop Loss:

Target 1: ₹443.65 (0.786 Fibonacci Level) 🎯
Target 2: ₹458.00 (Level 1 of February Series) 🎯
Stop Loss: If falls below ₹424.50 (0.5 Fibonacci Level) ⛔️

Overall Outlook: Bullish in the short term, but confirmation needed from other indicators. Volatility noted. Investors are advised to monitor closely.

Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Investment decisions should be based on individual research and risk appetite. 🚫

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註釋

Maintain the status quo.

交易進行

Today it went as high at 428 and still closed at the day in positive. with MACD crossover still being on buy side,will wait for 1-2 trading sessions more before tapping out on stop loss.

交易進行

target One achieved.