IndusInd bank is in a downward trend for the long term way before the pandemic although a short-term view at the stock suggests upward momentum.
Can go long if the trend is broken upwards, a resistance from the trend means one can short.
1200 acts as a crucial part of the stock.
Good quarterly results will definitely boost the possibilities of achieving a...
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--- Trade was given on 15 -FEB -2021
Trade is Closed in PROFIT on 16- FEB -2021 ( 1 day )
bought @ 1061
booked @ 1081
pints earned = 20
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INDUSIND BANK support and resistance levels on 08/02/2021
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter.
There is a breakout generated in INDUSIND BANK on daily chart. levels as below.
1st Target :- 1100
2nd Target :- 1190
3rd Target :- 1300
Stoploss :- 970 on closing basis.
Stock took support near trendline and may go higher. Please refer to chart for levels.
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InvestPro India Team
As per the chart and price history, IndusInd is breathing before a take off from 900-800 range. Price prediction and chart path for information. Let us see and hope for the best.
INDUSIND BANK - Ascending parallel channel pattern formation at weekly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This can be a beginning of downtrend in Indusind Bank. As the stock price has broken the support level formed during the consolidation levels. If one is already holding this stock. Time to book profits. Put Option can be bought.
