INDUSINDBK trade ideas
Indusind traders stay cautious. Looks like a trap Indusind bank can fall and according to me the rally yesterday was fake to trap retail investors.
My analysis showing it will fall below 500.
With first target of 550 and second target 500 area which will act as a double bottom for the stock, if sustained can jump and if not more fall can be seen.
Good luck to all traders.
INDUSIND BANKINDUSIND BANK SHORT OPPORTUNITY
There is a high probability short setup that u can take on Monday on this stock.
There is a possibility that INDUSIND BANK will make a high of around 600 on Monday and then fall.
Buy IndusInd found support at channel bottom and 100smaTarget of 1136 i.e. 50% fibonacci retracement, rsi is in positive zone trending upwards.
INDUSIND BUYTARGET 554, S.L 525 CMP 536. 15 MINUTE CHART SPOT PRICE LOT SIZE 800. Call for 555 - 560 @ 26-27 can also be conisdered
INDUSINDINDUSIND GAVE A BREAKOUT AROUND THE LEVELS OF 596-603 AND FROM THERE IT RALLIED TILL 700, IT HAS NOW COME TO TEST THIS REGION, IF YOU DO GET IT ON DOWNSIDE NEAR THIS RANGE THEN PLAY IT FOR 611 623 627 633.
IF AT NEED TO ENTER AT EXISTING LEVELS, KEEP SL OF 603 AND PLAY FOR 623 627 AND 633
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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20) @BUY - AT 623 , S L - 288Long term survival is a more important thing to consider in trading than short term profitability
Indusind is Heading towards 600I hope the C wave in the form of an ending diagonal has terminated finally and if the stock opens above the trend line it might head to 600.
INDUS BANK - DESCENDING TRIANGLE- 14 Sep, 2020Most of the time , the price will eventually break the support line and continue to fall in a Descending Triangle situation. However, in this case the support line seems to be very strong. It appears that the price is going to bounce off the support line and will make a strong move upwards. The good news is that we don't care about the Price Target. We just know that the price is about to go somewhere on Moday-Tuesday.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
INDUSINDBK LongNSE:INDUSINDBK is a great time to enter the market, whether it be a short term or long.
INDUSIND bank triangular breakout indusind is clearly broke the triangle set up. It made the retest also.
So all the drama is gone.
Remember in the current bull, banks did not participate the rally.
This time for banks.
Your humble trader
Kiran
INDUS BANK - RECOVERY MODEPlease calculate the Price Target yourself according to the Arrows shown on the chart 😎.
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.
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.
INDUSIND BANKSimple chart based on price action. A parallel channel within another channel.
Breakout from the inside channel.
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