INDIAN BANKINDIANB - The stock has broken out of the ascending channel and is now above the horizontal resistance around 625. This breakout is supported by strong volume, confirming bullish momentum and a clear higher highs and higher lows pattern, indicating a bullish trend. Price action is respecting the trendline well before the breakout—immediate resistance 655 and 670, and short-term target 695.
Indianbanklong
INDIANB : rear Broadening Wedge Pattern Breakout @ ATHIndian Bank stock is showing a very rear Broadening Wedge Pattern Breakout @ ATH good sign to the stock.. and the noted thing is it's happening on monthly chart ...
All data is available in public domain..
CMP : 646
TG : 890
SL : close Below 9 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery .
3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
INDIANB Analysis & PredictionThis is the analysis of INDIANB in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INDIANB :
Indian Bank engages in the provision of banking products and services. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It offers NRI-Foreign Exchange, Applications Supported by Blocked Amount for IPO, wealth management services, supreme current accounts, educational loan, centralized pension processing, interest subsidy for educational loans, and financial inclusion plan. The company was founded by V. Krishnaswamy Iyer on March 5, 1907 and is headquartered in Chennai, India.