Note: This is for educational purpose only. There seems to be a channel & descending triangle bullish breakout with volume. Moreover, there is a trend line breakout in RSI as well. Entry Price: ₹590 SL: ₹535
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.
Again a Symmetrical triangle formation on 45 Min chart, can break either way.
Im not an expert im just sharing my views on INDUSBANK for tomorrow Im not responsible for any profit or loss this is not a recommendation
Indus 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...
Formed 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.
Go for Long . Please feel free to clear any doubts
Performed as per my predictions in my previous Idea, once 177 resistance is broken can see 585>600.
here we have done the chart analysis of indusind bank trade with strict stop loss buy above 520 target 530,540 stoploss 508
Upcoming 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...
- IndusInd Bank forming IH&S pattern after the correction, - This pattern usually forms when the correction is over and starts new rally. - Expecting a move towards 560 Easy Target for IH&S Target,
Buy at 525-527 if it shows strength with good volume with a stop loss of 510. Short if it goes below 510 with a target of 499 with stop loss of 525.
The 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.
Support and resistance lines are drawn, place stop loss and targets accordingly. The stock is looking very weak below 498.55, take long positions carefully.
The stock will fall till the Level 411.75 upto 23rd July,2020 and will go till the Level of 617.85 upto 30th July, 2020
Possible support and resistance lines are drawn, place your targets and stoplosses accordingly.
Stock is taking perfect support with the trend line. Stock tested fibo retracement .236 twice Major resistance in 545-550 Buy above 550 Target 1 :: 598 Target 2:: 634
Note: This is for educational purpose only. There seems to be a build up near resistance in Indusind Bank with ascending triangle formation. RSI is above 50 and there is a spike in buying volume.