INDUSINDBK trade ideas
Ouch !! wonder how many bag holders ..?Quick look at this graph as a request, triple down on your position if you are bag holding.
No idea how this bank is doing however am going to assume its not folding for this particular idea.
All time graph just looking at it hurts and am sure a lot of people hopped on at 1085 level so a lot of bag holders who did not use risk management and are clinging on to hopium for this baby to rise.
926 should be a safe target from here which is decent however 1085 is where it might finally have a decent pull back .
at present we are sitting just below a key resistance and i expect this to be taken down pretty soon .
No hype around this so not going to move like jagger but should pump up soon.
745 is the next resistance in the form of the 200 day on the 4hr chart. However break that and golden cross and pop the champagne and swear never to trade on emotion again.
shall post a low time frame graph laters...
Indusind Bank Price action Analysis!Kindly have a look at detailed price action analysis and levels based on support and resistance concepts with risk reward levels I have given for Indusind Bank. I have given levels to be sighted for long term wealth creation and also given zones where you have to be careful. In short to medium term there seems to be up move, however do not get carried away as the past has given some shocks!
INDUSINDBNK pullback before takeoffHidden bearish divergence on the 4H Chart indicates a slight pullback to the 400-410 level before retesting the ascending triangle resistance. If broken it is a promising 25% upside. Will update once buy region is hit. Slowly but surely. Patience is key.
-Kautilya.K