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.
Indusindview
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.
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.
INDUSIND BANK short viewIndusind Bank as reversed from resistance zone, and as the market has also started to fall we can expect it to at least touch till 1150 levels.
Risk to reward ratio is 1:1 and if it falls below the support zone, it can also reach till 1000 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
INDUSIND BANK - End of correction phaseThe stock has undergone a major correction of around 30% from the levels of 1242, hence it is possible that we see an upward movement again. The stock has moved above it previous support area and is heading in the right direction for bulls, however a hurdle in the range of 960-965 awaits to be crossed over for a move towards 1075 and then on to our target of 1130(main target) which could then see the stock making new highs probably. The analysis done mainly is in view of a long term plan, shot term investors can use this to book your profits as per your choice.
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