INDUSIND BANK BEARISH OR BULLISH ???1. looks bullish considering at major support level , good results , and comparativley dint fell even the sense shed 3.5% ,
2. Net Profit - QoQ Growth in quarter ended Sep 2021 is 14.21% vs 11.3% in Jun 2021 good results expected
3. 1 Day: Delivery volume increased by 25.69% over 5 day average
4. Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing Revenue every Quarter for the past 4 Quarters
Increasing profits every quarter for the past 4 quarters
Book Value per share Improving for last 2 years
Companies with rising net profit margins - quarterly as well as TTM basis
Mutual Funds have increased holdings from 10.22% to 12.05% in Dec 2021 qtr.
trade as per levels ad targets go long for feb month
==================
like if you agree
==================
IDUSB trade ideas
INDUSINDBK #bitcoinminning #investingtips #forex #stockmarketnews #wealth #invest #pips #stocks #stockstowatch #investing#dividends #dividendstocks #dividendkings #stockmarket #stocks #valueinvesting #passiveincome #investment #investors #investingtips#wallstreet #finances #passiveincomestream #cashflow #longterminvesting #stockexchange #stocktrading #investingforbeginners #makingmoney #dividendinvesting#dividendincome #nasdaq #compoundinterest #dividend #valueinvestor #compounding #dividendgrowthinvesting #dividendclubdo #cash #dollars#financialfreedom #money #bitcoins #success #millionaire #investing #cashcash #cashslave #casharmy #cashmoney
IndusInd Bank decline: EW analysisNSE:INDUSINDBK
Minor wave 1 top at ₹1242 posted on 27-10-2021.
Ensuing decline in Minute wave a (circle) seems impulsive in nature, which means we will likely form a zig-zag (5-3-5) for complete correction. Expected price/time target shown.
Initial recovery post this phase of decline expected to be sharp with target zone shown.
Invalidation point for this scenario: ₹1042
Caution: Elliott Wave trading requires expert risk management skills since unfolding price swings necessitate frequent adjustments in original wave count.
just for educationLONG
HERE, AT CMP 1037 FOR TARGET OF 1060, 1085 (IF CLOSE ABOVE 1120, THEN AGAIN LONG POSITION FOR TARGET 1160, 1200, 1240)
SL : BELOW 1020
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!