Indusindbank
IndusInd Bank: Possible swing move on the cards?Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.
Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.
Daily is in nice uptrend. We need a clear break from the Daily TL and price to make a LL. Once price closes below 1320, we can look to go positionally short on a pullback and 75min TF confirmation.
INDUS BANK IND IN TREND CHANNEL ...TIME FOR SHORT ..INDUS BANK IND IN TREND CHANNEL TOUCHED ITS TOP CHANNEL RESISTANCE STILL ANOTHER RESISTANCE MORE TO TOUCH TO GET PERFECT REVERSAL FOR SHORT ....ANALYSE THEN TRADE.
FIND THE REVERSAL CONFIRMATION THROUGH CANDLE AND USE OF INDICATORS ANDGO FOR SHORT AFTER CONFIRMING .
THANKS.
INDUSIND BANK ANALYSISRESPECTING CHANNEL LINE IT HAS TOUCHED LOWER LINE SO IT SHOULD NOW HEAD FOR UPPER TREND LINE TARGET IS GIVEN WITH ARROW BUT IF LOWER LINE BREACHED ON CLOSING BASIS TARGET FOR SHORT ALSO GIVEN WITH ARROW IF BULLISH CROSSOVER OCCURS IN STOCHASTIC AS MENTIONED WITH WHITE RECTANGLE THIS WILL THEN BE BULLISH DIVERGENCE AND WILL CONFIRM UPTREND GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
Indust Ind Bank Short to Medium Term Trend !!TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk Reward 1:5 to 1:8
Earlier trade in Indus Ind Bank was stopped out , so now i have re analysed and made the setup
entry is triggered hence its buy On dips now.
ICICI bank technical setup icici bank breached trendline and previous support zone
continously stay below
a sign of caution for bulls
can slide to deep red zone
and could lead bank nifty lower
the price possibly can slide to 400/408 zone in coming days
it good only if successfully close and sustain above 432 zone !
INDUSIND bank Buyers are in ControlBuy at CMP 1470 Stoploss 1430 Target 1540-1570 Reasons for Trade- 1. Weekly Chart has formed good Base with strong candlestick pattern 2. On Daily Chart price has closed above important support lvele. 3.Price has taken support on 200 EMA on Daily Chart. 4. Risk Reward is 1:3
INDUSIND BANK ELLIOTT WAVE AND TRADING IDEAS.Indusind Bank Price is falling in impulsive in nature from 1825 in internal five wave structure. Today price revrsed from 1454 are in its last (fifth) wave. In Near 1338 and 1375 is support zone. and price may jump from this zone. From trading perspective as long as we seee a close above previous day high taking long position can be risky. Aggressive traders may accumulate near 1138 zone for investment point of view.