Indusind
INDUSIND BANK RANGE RE-ENTRY EAGER FOR PULLBACK RALLYSTOCKS ON RADAR TODAY
INDUSIND BANK RANGE RE-ENTRY
-STOCK HAD RECENTLY BROKEN ITS UPWARD TRENDLINE
-FROM THE LEVELS OF 416 THE STOCK HIT A BOTTOM OF 330
-NOW WHAT WE ARE SEEING NOW IS A PULLBACK RALLY CAN CLIMB UPTO 415
-THERE IS A GOOD RANGE FOR THE STOCK BETWEEN 368-486
-STOCK CAN FIRST TEST 415 AND IF BREAL THEN
-TARGETS ARE:-428-435-447-478
-STOP WOULD BE AT 354.85
-POSTIONAL TRADE "BUY ON DIPS" RECOMMENDATION
INDUSIND - ready for a breakout !The bigger picture clearly shows the converging symmetrical triangle pattern and its getting ready for the breakout.
90% of the time breakout happens in the direction of the existing trend. While breakout please look for the volume and confirm that its not a false breakout.
Stay safe !
Trade safe !
IndusInd Bank Trading Tool-1Thanks for the tremendous response I got for the Nifty-50 trading tool.
It is non-repainting indicator and uses @version=4.
This is trading tool for IndusInd Bank which is traded on National Stock Exchange (India).
The results will be very different depending upon time-frame and date range of your choice.
The strategy works best on 10 minutes timeframe. The default trading quantity is 2. I have added functionality for part profit booking.
The aim of this indicator is not to predict the market, but ride the market with its ebbs and flows. Because predicting the market is always futile. This indicator maximizes the probability of trades depending on historical prices. i.e. all the technical indicator does the same.
This is a premium indicator so send me a private message in order to access this script.
Thanks © allanster for script "How To Set Backtest Range" for Date Range functionality and ©TheYangGuizi.
Disclaimer: This script/strategy is for educational and information purpose only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
Indusind Bank : "SHORT TRADE SETUP"Major Trendline over smaller timeframe is breaking down.
Taking a short trade here gives good R:R. (After 15 min candle close below 1557)
Price action looks like temp top established.
Targets are based on FIBS retracement.
Join our Telegram channel for Swing Trade Setups : t.me
Indusind Short Term UptrendTREND ANALYSIS
Follow Chart Instruction.
Wait for Proper Entry.
Do not be Hurry for entry.
Do not book/Exit Early , wait for atleast 1st Target.
Buy/Invest with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Indusind Bank : What's cooking ? Indusind Bank has broken out of long term trend line support plus given close below important support of 1430. Volumes have been on higher side in selling. 1333 is the immediate support which needs to be hold on closing basis. If counter closes below 1333 ( keep 1% margin) on daily and weekly basis then it will confirm lower top lower bottom structure. In past couple of months, counter has shown mean reversion tendency after 15-22% correction from 20 DEMA. We might see same emerging at either 1333 or 1267 level (38.2% retracement of rally from 27 to 1900) for 1530-1550 level (20 DEMA). Traders should wait for positive divergence on hourly RSI/ bullish candlestick pattern with high volume to predict mean reversion event. Resistance on upside are at 1450-1460 and 1490-1500 zone. Traders should avoid any major short position around 1333 and 1267 levels. It's better to watch for reversal and then create position in uptrend.