INDUSINDBK
IndusInd Bank Bullish Momentum with a Targeted Upside in Sep serIndusInd Bank is showing a strong technical setup, with bullish momentum driving the stock above a key resistance level, backed by high trading volumes. Moving averages are aligned positively, and the RSI is holding above 50, indicating sustained strength. I have bought the IndusInd 1420 CE of September series at ₹33, targeting ₹45-65, with a stop loss set below ₹28. The stock appears well-positioned for further gains, making this an attractive options trade.
IndusInd Bank Bullish Momentum with a Targeted Upside in Sep serIndusInd Bank is showing a strong technical setup, with bullish momentum driving the stock above a key resistance level, backed by high trading volumes. Moving averages are aligned positively, and the RSI is holding above 50, indicating sustained strength. I have bought the IndusInd 1420 CE of September series at ₹33, targeting ₹45-65, with a stop loss set below ₹28. The stock appears well-positioned for further gains, making this an attractive options trade.
IndusInd Bank - A potential upsideTHE TARGET
LTP on NSE on 14/Feb/2024 was INR 1484.50 (with a high of INR 1494.50 and a low of INR 1434.95)
Although it is a good buy at current levels, still conservatively I will accumulate even at dip to Rs.1440/-
Resultantly after all this discussion, I believe that the target price should be:
first INR 2050 and
second INR 2350.
Stop Loss should be INR 1350
Risk to Reward will be 1:9
Time horizon should be 12-15 months
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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INDUSINDBK Analysis for Swing and Intraday for 29 AprilCreate a high of 1694 the price is moving in a range between 1579.20-1428.Price can take Support at range between 1428 -1443. Because 5 times price respect this level .
For swing trader we will wait for breakout or breakdown.
Bull Entry: after cross 1576 level with good volume and day closing.
If you are looking for intraday :
After crossing 1442 level you can short your position and next support will be 1272.
If price trade between 1450-1480 it's a side base market. if price cross above 1480 level with good volume or with price action then we can make a target of 1511.
Important level:
Resistance 1576
Support 1: 1448
Support 2: 1272.60
INDUSIND--Drop Base Dropprice broken the trendline and retested.
price is now exactly at trendline resistance..
wait for the price to break the support and retracement,will enter for short side.
now price is in consolidation, manipulation above resistance , will observe and fallback again.
keep safe going long again.
INDUSIND BANK LONGNifty Bank is move upside around 2.5% in today session and in the category of top index gainers.
If we closely look the Bank Nifty chart, we can see the breakout on daily time frame with good decisive candle.
INDUSIND BANK is the top gainer in the BANK NIFTY, along with Index it give breakout.
As we can see in the chart INDUSIND BANK shrink the range from the last month with the same support zone.
It would be a good opportunity from here to TOP.
INDUSINDBK - Ichimoku Breakout📈 Stock Name - Indusind Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1650.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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INDUSIND Bank Fresh Entry levelsAs per my analysis NSE:INDUSINDBK has more potential for upside. Fresh entry level could be 1440 with stop loss of 1412 (-28 points risk). We can expect upside targets of 1463 (+23), 1481 (+41), 1490 (+50) & 1501 (+61). It could be low risk and high reward idea..
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
INDUDINDBK - Triangle breakout / flat formationElliott Wave Analysis:-
View 1:-
Triangle was formed and breakout happened and waiting for the retracement.
Once retracement took place we can enter into the trade with safe trade setup with Stop loss @ 1396 .
target 1:-1500
target2:-1575
View 2:-
There is a Flat formation in 4the Wave. expanding flat is getting into picture. Wave B crossed wave A and waiting for the C wave to get retraced. According to C wave we can decide whether it is an Expanding flat or Running flat.
we have to wait for retracement.
For Triangle Setup :-
aggressive buyer can enter the trade right now with same stop loss.
Conservative trader can wait for retracement.
I'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
Indusind Bank Long Swing Trade | 25% Upside PotentialI am bullish on banking sector.
IndusInd bank looks interesting.
The price closed above 1270 and sustained there for few days, which signals that the breakout is strong and valid.
I expect the price to continue to ho higher till
1. 1350
2. 1600
3. 1800
Stop loss can be daily close below 1240.
Let me know in comments section if you want me to analyse any other stock/crypto/forex pair/commodity.
INDUSINDBK--Consolidation??Observations::
This stock is facing resistance multiple time from the zone 1300 range,and not able to break high.
A strong fall is observed and @1250 range buyers pushed the price towards 1300 range again,
means we have sellers @ 1300 range and buyers @1250 range,
1275 range is giving support by pushing upside,wait for break of thhis to reach 1250.
so we will also follow the range bound from 1250 to 1300, until price breaks this range.
we have strong demand zone @ 1225.
INDUSINDBK--AT untested Supply zone??Observations:
-------->>the stock is trending upwards.
--------->> At previous resistance level a strong breakout with upside move is observed.
--------->> If price again take support from this zone110 level, we will observe a breakout above 1220 is possible.
---------->> from here price is reversal or continue move upwards to 1260 levels.
---------->> now price is previous untested supply zone, keep watch this levels.
------------------------------------------------------------------------------------------------------------------
In my previous post i have given that this is a false breakdown
look at this ,
INDUSINDBK--False breakdown??Observations:
-------->>the stock is trending upwards.
--------->> previously at this level a strong consolidation with upside move is observed.
--------->> If price again take support from this zone we will observe a breakout above 1180 is possible.
look for buying In INDUSINDBK.
INDUSINDBK-Expected to be Bullish breakout @ 1170 INDUSINDBK-Observations:
----> Stock trending upwards.
----->Previously false breakout happens at this zone 1170-1185.
------>Now expected to break the Resistance and buyers take the price towards high of this zone and wanted to test supply zone at 1210-1230.
Sector Analysis Four sectors that are outperforming NSE:NIFTY
{A} NSE:BANKNIFTY Though not by big margin definitely out performing NSE:NIFTY . Break above 42000 will be a great sign.
Stocks to watch out; 1) NSE:CANBK 2) NSE:ICICIBANK 3) NSE:INDUSINDBK 4) NSE:SBIN
{B} PSU Bank . 1) NSE:CANBK 2) NSE:SBIN 3) NSE:BANKBARODA
{C} NSE:CNXINFRA got a big push at Budget and is evident from stock performance . 1) NSE:LT 2) NSE:SIEMENS 3) NSE:ABB 4) NSE:NTPC
{D} BSE:MIDCAP is best out performer, if overall market improves will run away. 1) NSE:CUMMINSIND 2) NSE:PGHL 3) NSE:HAL 4) NSE:TORNTPOWER