Stock- Indusind bank
Cmp - 1039
-Net Income of the bank increased 11.52% QoQ & 193.82% YoY
-PE Ratio is comparable to Industry leaders.
PB ratio is much less than other its peers, which makes it attractive for investment.
-CASA % decreased to 40.37 from 43.14, which is comparable to other banks...
Hi guys, as you can see IndusInd bank has formed triangle pattern ... now if it breaks upper trend-line of the triangle with good volume ... it can give target of 1100+ ( Targets can be varied depends upon ..the blue trend line )
Aggressive entry : - Above 1035
Super Safe entry : Above 1052-1055
Target is 1100 + ( Depends upon how fast it will move...
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
Chart Type: Good Resistance trendline providing resistance, making a small tiny broadening consolidation near the resistive trendline too = If it breaks out of all the trendlines and near time...
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.
🔰 MY thought process :
⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today...