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Indusindbank

Indus Bank - V - Shape recovery Incoming, 1 Sep 20.In the morning of 31 Aug, the Global cues were positive, So the geological development looks like to be the major reason that has triggered the negative impulse in the market. The beers took advantage of the situation and this action has also triggered Panic Selling in the market. Profit Booking due to month end added fuel to the situation. I am still positive that this may gap up at the opening at 641. If this does not open gap up , In the first 1 Hr people will start booking their profit due to the situation not clear plus bears will also be active. At around 11;0 0 - 1:30 market may move towards to a "V" shape recovery due to the fact that despite of the situation on 31 Aug, there was buying pressure towards the end of the day. Bullish Hammer (H) is noticed on the last 1Hr chart of trading. Still bullish for the targets mentioned in my earlier post of 29 Aug. Hold tight ! Disclaimer: Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisors. Risk it for the biscuit.
NSE:INDUSINDBKLong
by sureshsehrawat
ROUTE ONE INVESTMENT in talks to raise stake in INDUSIND BKExclusive: Hedge Fund Route ONE Investment in talks to raise stake in INDUSIND Bank (Source: Moneycontrol) #INDUSINDBK is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock has support over 20EMA but bullish in Daily candle while in Weekly and Monthly period it is still bearish hence recommanded for treading only. Showing Bullish in all indicator: Increase in Relative strength - Benchmark Index CCI above +100 ROC is trending UP MACD crossed above signal line Stoch is treading UP RSI is trending UP Aggresive New Long Stock outperforming from Benchmark and sectrol index on 1 week and 3 month both ---------------------------------------------------------- Support : 510 and 484 Breakdown : 522 CMP : 526 Breakout : 536 Short Target : 549 ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:INDUSINDBKLong
by singajai