INDUSINDBK trade ideas
INDUSINDBK - Ichimoku Breakout📈 Stock Name - Indusind Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1650.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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INDISIND Bank Formed Inside Candle PatternNSE:INDUSINDBK INDISIND Bank Formed Inside Candle Pattern
Inside Candle Formed on Daily Chart ..
Either Side Breakdown or Breakout is Possible
the Range is So Important
if Breaks Upside Then Possible Targets Are Marked
if Breaks Downside Then Possible Targets Are Marked
Stock Update $NSE:INDUSINDBK
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:INDUSINDBK I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 1630-1640 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 1520-1500 In Downmove.
Resistance Levels to Watch out.
Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.
R1=1630
R2=1680
R3=1760
Support Levels To Watchout.
Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.
S1=1520
S2=1470
S3=1410
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
Best regards,
Can $NSE:INDUSINDBK will Test 1420 Level ?As per Technical Analysis NSE:INDUSINDBK Mention Stock Looks Bearish if its break 1465-1460 then probably we can see 1430,1415 level Respectively.
if any one ready to take risk then he can buy NSE:INDUSINDBK 1440 PE 28th December Near 18-19, Sl 13, Target 26,29, and 33
Investment Required- 9000
Maximum Loss - 2500
Profit Upto - 7500
Time Frame- 4-5 Days
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
INDUSIND BANK IS ABOUT TO HAVE A NICE UPWARDS RIDE...TECHNICAL INDICATORS :
ASCENDING TRIANGLE BREAKOUT -
The stock has broken out of the this pattern on weekly chart
REVERSAL FROM 50D, 100D, 200D SMA -
The stock has also reversed from all the 3 sma simultaneously indicating very strong upside pressure building up
REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE -
On top of that the stock has also reversed from a zone which had earlier acted as support and resistance level multiple times
FUNDAMENTAL INDICATORS :
BETTER PROFIT MARGIN POSTED COMPARED TO ITS PEERS ON THE LAST QUARTER -
The stock has also posted almost double profit margin percentage compared to ICICI, Kotak Mahindra and so on. Only SBI has posted same profit margin as indusind and sbi is also trading above all the 3 sma on Daily, Weekly & Monthly timeframes indicating the strength of this stock's upside momentum
INDUSAND BANKStocks trading near their 2 Day high as well as Bullish Derivation with rising volumes and closing strong , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
Uptrend Channel breakdown in INDUSINDBKINDUSIND BANK LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Uptrend Channel Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1369-.
✅Can Go short in this stock by placing a stop loss above 1443+.
INDUSIND Bank Fresh Entry levelsAs per my analysis NSE:INDUSINDBK has more potential for upside. Fresh entry level could be 1440 with stop loss of 1412 (-28 points risk). We can expect upside targets of 1463 (+23), 1481 (+41), 1490 (+50) & 1501 (+61). It could be low risk and high reward idea..
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
INDUDINDBK - Triangle breakout / flat formationElliott Wave Analysis:-
View 1:-
Triangle was formed and breakout happened and waiting for the retracement.
Once retracement took place we can enter into the trade with safe trade setup with Stop loss @ 1396 .
target 1:-1500
target2:-1575
View 2:-
There is a Flat formation in 4the Wave. expanding flat is getting into picture. Wave B crossed wave A and waiting for the C wave to get retraced. According to C wave we can decide whether it is an Expanding flat or Running flat.
we have to wait for retracement.
For Triangle Setup :-
aggressive buyer can enter the trade right now with same stop loss.
Conservative trader can wait for retracement.
I'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.