Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern
Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside
Can wait for a minor pullback to happen and then enter based on the daily timeframe.
Has a good potential on the...
Indian Bank has made a W formation in Weekly chart and has given a breakout today (12th October's trading session). Short term position target can be 195 above and long term can be above 200 with SL of 153 in short term and 143 below for long term trade on weekly basis.
The INDIANB price action resembles the Bank-Nifty price, In simple, the correlation of INDIANB and Bank-Nifty has a O(1). So, In the last three sessions of Bank-nifty, there is a breakout (ascending triangle) which correlates with INDIANB and signifies the movement of the stock toward the same formation of A.T
What does it make sense?
BankNifty is going to...
Indian Bank - Long
Consolidation happening in the market. Slight ups and down will happen in the highlighted zone.
But can buy and accumulate, considering the support level.
Watch for the consolidation zone break out.
Once break-out teh zone, can book the profit
Invest and Trade Wisely! Good Luck!
You can also see my other stock analysis and the results in...
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
The index is forming an Inverted Head and Shoulder Pattern.
Just broke out of the Downward Channel resistance this week.
In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met.
Between 2660 and 3360 there could be some consolidation going forward.
Immediate short term - MACD crossover should...