IDUSB trade ideas
A reversal candlestick patternA Hammer candlestick pattern is spotted on daily timeframe near the support line of the stock which indicates Trend reversal for the stock.
Short Indus Ind BankHas broken lower trendline on 15 min time frame; target of 3 % in 2 weeks on the downside.
INDUSIND ! buy above 1168.30
dont do anythig if it falls below 1138.35
if it's passing time and moving around between 1168.30 and 1138.35, short strangle is a good position to take. The following day
or when it breaks 2 day high or low, exit the unnecessary option. We are in uptrend, could go sideway. Take the trade based on price action.
INDUSINDBKIn the Weekly Chart of INDUSINDBK,
we can see that, it took a huge bounce back from 1000 level.
Also, we can see a Cup and Handle Failure in INDUSINDBK.
Let it close above line with volume.
Enter with SL for above targets.
Indusind bank entering the channel again
After 4 months trading in range, Indusind bank broke down the range last week. Now it has started rising and entered the same channel again.
It is showing positive sign against EMA200 and Supertrend . I think with this setup , it has potential to go up in the coming days until it hits the middle line ( around Rs. 1200) in the channel and then upper bound.
Follow up for INDUSINDBK analysis on a lower TFINDUSINDBK also retracing back to fib 50% and RSI 60 on hourly TF. Find trades accordingly.
INDUSINDBK On a downtrend ??$INDUSINDBK might already be on its way to resume the downtrend. Script is currently facing resistance on the previous support and RSI 60 (I take RSI 60 and 40 as dynamic support & resistance thresholds). Also, 20 & 50 SMA have had a bearish crossover.
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.
BUY INDUSIND BANKIndusInd bank Q3 net interest income grew by 18.5% YoY to Rs. 4,495 Crore for the quarter. IndusInd bank reported a massive 68.7% year on year jump in standaloan profit at 1959 crore for quarter ended December FY23, and it's trading At 1211 now buy from this level, keep a stop loss at 1180 and hold for target 1264/1280+,,stock can rally after breakout from uptrend channel going on.
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IndusInd Bank Positional View Weekly Analysis @ 10-01-2023IndusInd Bank ready for a Breakout in Weekly Time Frame
Important Levels are Marked on Chart
I Shared what i Seen in Chart, hope this helps You in Learning,
Thank You Universe 🙏🙏🙏💐, Thanks to all my Teachers....🙏🙏🙏💐
Indusindbank appears to be interesting at pivotAfter volume activity Indusindbank looks interesting at pivot.
INDUSINDBK : Stuck between levels INDUSINDBK:
Daily TF : stuck between daily support resistance. good opportunity to buy near support & sell near resistance with small SL. you can have good R:R.
Hourly : in hourly time frame, its rejected from today's High and now coming down. still its showing HH & HL hence last resistance marked in RED is very important if its need to sustain. If it broke hourly support, it can go till Daily support and could be buying opportunity.
Always follow candle stick pattern near support & resistance.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Indusinbk
NSE:INDUSINDBK
WAIT FOR PROPER CLOSE ABOVE THE TRENDLINE.
Looks Like a Multiple Pattern, if breaks out , we would have good momentum .
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Flag PatternThe Scrip is consolidating a long near resistance and forming a flag type pattern on daily TF, can give a good move on breakout, Keep in radar.
Buy at current price levelShowing resistance to fall, little bit of momentum can touch the 1280 its new high and then it can touch the 1300 also. Do not Forget to trade with strict stoploss of 1225.
This stock is formed Cup and handle pattern and Breakout This stock is formed by Cup and handle pattern and it will be breakout but insufficient volume please check and confirm.
long positions on INDUSIND BANKA beautiful breakout of the falling wedge pattern, we can expect an upside moment now ENTRY-at current price TG1-1229 TG2-1263 TG3-1320 SL-1158
risk to reward is more than 1:3, so it looks like a good opportunity
INDUSINDIndusind is trading inside range of 1117-1175 from past one month & twice in past one month it reversed from 1168-1173 zone.
Although it looks like it ll break past upper end of the zone this time, but it would be better to trade only above 1175.
If it breaks past 1175 then its a buy with mentioned stoploss & targets.
Broken Raising ChannelIndusind looks good for long term for the target of given on the chart.
Let's see...
Happy Investing!
