NSE:INDUSINDBK
I am posting this on request from a follower on Twitter.
Observations:
1) On 1 Day time frame, It failed to manage above 1200 level and then it is facing profit booking.
A bit negative thing is that it closed below 21DMA which is placed as 1164.97 level.
So we can consider that 1165-1170 will work as resistance zone.
Please refer below...
Buy IndusInd Bank around 1190 - 1200 for the upper marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Indus ind bank has broken out of its long term resistance and has formed a bullish pattern
Waiting for a pullback to buy around 1080 levels
If i dont get the pullback ill buy around current levels and keep averaging at any dips
Will be expecting targets of more than 50%
Buy at 1080-1115
Stop loss below 950
Targets - 1400-1600-1800-2000
RR looks comfortable for...
NSE:INDUSINDBK
Indusind bank limited share has just given breakout on weekly time frame sl can be below black line for long term positional.
it has given breakout after good consolidation, that is the plus point for this breakout.
******whatever charts or levels sharing here are just for...
The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
Testing the 61.8% levels in fibonnaci on weekly chart. and have a resistance at the same level. Need to wait for the breakout.
*Educational purpose only
INDUSINDBK is good to enter above 1037, breakout on daily basis for immediate target of 1064/ and then 1100. Time frame June Expiry.
1.It’s above Ichimoku clouds, above conversion line and base line, chikki span above clouds.
2.Ascending wedge breakout
3. Trend lines breakout and consolidating at this price since 2 weeks.
![INDUSINDBK: Simple Trade Setup | INDUSINDBK | 27-10-2021 [INTRADAY]](https://s3.tradingview.com/i/itXjy8XE_mid.png "Simple Trade Setup | INDUSINDBK | 27-10-2021 [INTRADAY]")
