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Indusind

25th Oct 2024 - IndusInd lower circuit, ICICI Bank will save us?BankNifty Stance Bearish ️⬇️ BN has fallen only 2.46% ~ 1283 points and is much better than Nifty on a relative basis. IndusInd Bank took a huge beating on Friday as it fell ~ 18.63% due to poor quarterly results. Indian stock markets are not used to such wild reactions, but if our markets start punishing stocks for bad results, I guess it is much better for the future. Ideally, such reactions on stock prices will keep the management on their toes to avoid poor results thereby helping them put in the necessary hard work to achieve the desired results. ICICI Bank will react to its results today, since we are in a bearish hold, would like to see if Sell on Rise is applicable on this scrip. The main point to consider is that ICICI has more than 27% weightage on BankNifty and is single handedly capable of bringing out BN from the Bear hold. 51101 is my first resistance level above which I will change the stance to neutral. For real bearish momentum to pick up, we need to fall below 49704.
NSE:BANKNIFTYShort
by viswaram
IndusInd Bank forming Flag and Pole pattern.Indusind Bank is consolidating in a range after a good rally forming a flag and pole pattern on the weekly charts. The stock has formed a dragon fly doji and is trading in 5% range for last 40 days which predicts that there will be a nice break out or break down. It has been trading around the 20 ema on the daily charts and in the last session given a 2% bullish move closing above the moving average. The stock is holding the recent high and is consolidating around it while the other banking stocks have given a retracement after forming new recent highs. Previously, the stock has given a nice rally of 13% after the break out. The stock looks in the bullish mode, if the stock gives a break out, cash positions can be carried and hedged future call of current expiry can be carried. Target :- 1550, 1665 Entry :- After the break out of 1440 levels. Stop loss :- Close below the previous hourly consolidation. Watch for the weekly close above the consolidation zone and if the stock gives a close above it in the daily chart, position can be entered with a small Stop loss. Wait for the price action near the levels before entering the market.
NSE:INDUSINDBK
by Mambotrade
IndusInd bank out of the consolidation zone.Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame. The stock has been in consolidation from october and gave a nice break out in the end of november. The stock can be traded once there is retest of the level and the stock can give nice up side targets. 3 points confirmation. 1. Break out of the consolidation zone. 2. Crossed daily 20 ema and closed above it. 3. The volumes are higher than the previous day. The stock option and stock can be traded once the stock retest 1160 levels. Traget:- 1229, 1265 Stop loss :- 1150 The stock can be traded for intraday once it crosses above 1173 and can give a intraday target of 1200. Wait for the price action and enter once the stock gives a close above the levels.
NSE:INDUSINDBK
by Mambotrade
INDUSIND BANK -- INTRADAY SETUP -- 20/06/2022INDUSIND BANK -- INTRADAY 15 MIN CHART SETUP 1. Rounded bottom chart seen whare next pattern seen from downtrend to uptrend 2. Double bottom formation seen at rounded bottom support level which is bullish indicators as per this chart pattern 3. selling minimize as seen histogram 4. last candle is doji candle, for buy level confirm we well place buy above body of doji candle 810 and stop loss will placed bellow double bottom support level 5 . intraday support at 800, intraday resistance at 820 -825 6 currentl daily RSI at extream Oversold level pull back is possible from current level 7. HULL moving avg given positive indication at current level . BUY INDUSIND BANK above 810 TARGET 815-820-825 STOP LOSS 795 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE -- trade at own risk ! HAPPY TRADING !!
NSE:INDUSINDBKLong
by champtrade111
INDUSIND BANK -- INTRADAY SETUP -- 02/06/2022INDUSIND BANK -- INTRADAY -- 02/06/2022 1. After lower channel bearish trend , stock has some consolidation 865 to 920 sub level , stock has breakout consolidation recently above 925 level 2, consolidation breakout retest again same level at that level doji trend reversal candle followed by bullish green candle form as last hour candle at closing basis 3. trend seems bullish as trendline support as well as channel support seen at same level 925-930 BUY INDUSIND BANK BETWEEN 925-930 TARGET 935-940-945 STOP LOSS 915 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !! HAPPY TRADING . !!
NSE:INDUSINDBKLong
by champtrade111
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