INDUSINDBK SHORTI hope you can now see how Indusindbk represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Indusind
Indusind bank at ConsolidationIndusind bank is at consolidation since 6th October. The context to note here is that banknifty is yet to catch up with nifty. 12000 level is a psychological level and if nifty holds 19000 to12000 levels then banknifty will soon catch up. Thereby Indusind will touch the sky.
For educational purpose.
Indusind looks bullish for Intraday and Mid Term.Indusind Bank
Looks bullish as the price is nearer to the trend line.
Intraday
CMP - 621.6
Buy above - 625
Target - 640, 650
Stop Loss - 612
Short Term
Target - 650, 670, 690 and 710
Stop Loss - 600
Note for Short Term -
Stock can be affected by the Moratorium case in the supreme court and NPAs. So invest only risky players.
INDUSIND - UPTREND CONTINUESIndus bank closed above 150 days moving average at a price 665.65 on 28Aug. Now the question is will the price move higher?. There wont be any surprise if this stock will continue uptrend upto 800 . Most of the banking sector have recovered around 60% to their pandemic levels, whereas Indus is still in its undervalued territory(Oversold).
Let's see what the Exponential Moving Averages (EMA) tells about the future trend. Like all moving average indicators, EMAs are much better suited for trending markets. When the market is in a strong and sustained uptrend, the EMA indicator line will also show an uptrend and vice-versa for a downtrend.
As we can clearly see on the daily chart that all the three EMA's 9/10 & 20 days are showing a clear uptrend.
INDUSBANK - Double Bullish Pattern. 26 Aug,2020Formed a Triple Bottoms Pattern and at the same time broke the Bullish Rectangle above the trend line . Last time when Double Bottoms formed it reached the target of 565. Same of close target is expected in two weeks. Once it breaks the resistance of 565 it may see a high target of 575.
chart analysis of Indusind bank for trading on 20.8.2020here we have done the chart analysis of indusind bank
trade with strict stop loss
buy above 520
target 530,540
stoploss 508
INDUSIND BANKUpcoming downtrend
Prices have increased with negative divergence in RSI & Volume.
Ascending triangle has formed depicting a continuation downtrend.
As of 5th August, it shows weak buying for intra or couple of few days but sell signals for positional(short term) trading.
Go short till 470, weak support between 460-470rs.
Next support between 301-342.
Trade at your own risk.
17TH JULY INDUSINDBK TRADE SETUP, PRICE ABOVE RESISTANCE LINEThe price broke above a resistance line with good volumes which is a good sign. The price inclined for a move to go into ichimoku cloud, so the technicals are with the buy signals. Place stop loss and targets according to support and resistance lines drawn.