INDUSINDBK trade ideas
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.
Indus Ind BankThe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, upper & lower trendline. The target is placed near swing high.
Note: Market is having weak sentiments, making this a high risk trade. Due Caution Is Required.
Indusind Bank R:R PositionalAny pull back sign on weekly closing with higher number of volume average could be act as entry Point and Indusind Bank R:R Positional it could give good return in year or so.
Support is just near so R:R is lucrative.
Red line violation can be act as exit point
This is my personal view.
study your risk appetite and time horizon before acting on trade.
IN IIBNot recommending to act now
I tried to take side on buy given its position (support on a upward channel) but I am not conformable with the near-term resistance @~INR1,200-1,250 either -> I won't act now. Having said that, I do have two action recommendations.
(i) Only act when it hits ~INR651 where it is at the support of the downward channel.
(ii) Wait-and-see until Mar 2022: if the price is above ~INR1,144, we might actually consider buying more at that point.
Not sure how to assign probability to each case but I won't recommend the team to act now.
INDUSIND BANK : WARNING CALLStock tumbles more than 10 percent on news of whesleblower....so now if stock trades below 1050 then it will be better to sell stock u till solve all issues ..or again start trading above 1200...even it's better to short stock below 1000
Disclaimer : it's just a advice...trade with our own risk...
Indusind Bank Looking Good Near Weekly Trend Line Support Area Indusind Bank Looking Good Near Weekly Trend Line Support Area 1060 - 1070
And Also Filling One Gap Between 1060 - 1070
March Month Breakout Retest Good Opportunity To Buy On This Deep For
Only One Target 1400 - 1500
Stop Loss Below 1020
Bearish Rising Wedge in Indusind bankHello Traders. My view for NSE:INDUSINDBK is Slightly bearish to Bullish. As you can see rising wedge pattern is formed in the chart and bearish divergence can be seen in RSI.
The stock has already rallied upto 50% of the fall after Aug 2018 and can respect the 61.8% level in coming couple of months which is 1350 - 1400 level.
Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.