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...
Price range is narrowing up, break and sustain above the descending trendline will take it towards ATH. Volume also getting dried up. Keep in radar
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.
Ascending Triangle Breakout Buy At Cmp - 1045.5 SL - 1025 (DCB) Target - 1140
next week it shall give a break out above 1052. T1-1225 T2-1309
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.
Indusind Bank is following this channel nicely and we recently took multiple traders by following this setup. 1010-1015 is the next resistance zone for this stock and if it is able to sustain above these levels, we may see a 1060-1070 price on the screen. In another scenario, if it faces rejection then again towards 970 odd levels. To motivate me, Please like...
The stock took support near the middle support line and if sustains above Friday's high then it may go towards the next resistance lines or if it breaks the low then the lower white line may be tested. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Buy at CMP and accumulate at 970-950 levels Stop Loss at 800 (or according to your risk capacity) Targets at 1200/1440 Disclaimer: Trade at your own risk.
INDUSIND BANK Range breakout trade
for intra players..... expecting a good movements in banks.. so intra players keep an eye on it......