IDUSB 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.
Did IndusIndbank bottom out ????RSI is in oversold region.
Green zone marked can act as a major support on weekly time frame.
Price is retesting a trendline breakout and lower channel line.
If the green zone holds, can resume the rally.
Wait for reversal signal and market should confirm.
INDUSIND BANK LTD IS Weak below 963If It closes a day below 963 level then the 889 level will be exposed and 963 will become fresh resistance.
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.
Short Indusind BankIndusind Bank too bearing in daily time frame. So one can short infusing bank at current level with targets of 980/920. With stoploss of 1050.
This is for you reference. So please trade as per your analysis. This is not a recommendation for you.
Thanks
Stock market solutions
Indusindbank short (D/W/M)NSE:INDUSINDBK
Indusindbk Facing Stong Resistance On Monthly Time Frame And Monthly Target Should Be Bollinger Band Middle Line 20sma Rs.814 (Accordingly To Monthly Timeframe).
According To Higher Tiemframe, Daily Chart Target Should Be T1 Rs.992 And T2 Rs.912
Indus Ind Bank LongThe stock is at a very good resistance level. The fall was on a news which can be a very good opportunity to enter. There is very good upside
Indusind Bank Positional Trade OpportunityCan be good buy above 1250
Target can be around 1500-1550 levels
SL Below 1100(Recent low on Daily)
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
IndusindbkNSE:INDUSINDBK indusindbk this are analisis i hope you intrest this page this is are long side analisis your target up side 1190.40 2target 1209.90
INDUSIND BANKsupports & trendline as given on the chart. This is for Educational purposes only. Please consult your Financial advisor before investing.
