Indusindbank
Indusind Bank Limited - Breakout Soon 📊 Script: INDUSINDBK (INDUSIND BANK LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY BANK / NIFTY500 / NIFTY
📊 Sector: Financial Services
📊 Industry: Banks / Private Sector Bank
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 1240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 One can go for Swing Trade only above 1240.
BUY ONLY ABOVE 1240
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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indusind Bank, Is this scrip ready for a bull run ????Indusind Bank completed Cup pattern
What's Next??
Situation -1 - We may see a breakout, Retest and a huge up-move towards 1740
Situation -2 , Price may retrace and fall towards 1000. At least 50%+ retracement from previous swing will be considered healthy.
Note - Trading is risky and please enter to trade after consulting to your financial advisor. Above presentation is for educational purpose, Not a trade advise.
INDUSIND BULLISH Indusind bank after so many months somehow managed to break a strong horizontal resistance trendline and gives a strong close above on it so we can say it is a strong breakout on weekly chart I am not using any indicator to confirm the breakout because price speaks very louder on its chart so we can see some bullish moves will come in coming sessions in this fundamental strong counter.
Indusind Bank What to do next ?NSE: INDUSINDBK
Time Frame :- 1 Day
Patterns Name :- Parallel Channel
Conclusion :-
A Big Red Marubozu candle taking up resistance at the top of a parallel channel which most probably shows up a down trend as this is a weak share too show here are two breakout which show the one scenario that could be done and here we have told about the marubozu candle who dont know
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IndusInd Bank LongIndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
INDUSINDBANKThis stock is forming head and shoulder pattern on weekly time frame, that can be a big bearish ahead. Right now we are at mid. Bollinger on daily chart, at 20DMA once its break and close below 20DMA then that would be a trigger point, Overall wave structure is also suggesting corrective structure ahead, after completion of impulse waves, we are in corrective phase as a zig-zag pattern as a A-B-C, possibly wave A and B are completed and right now we are in wave C of zig-zag, which can subdivide into 5 waves, if wave A and C are going to be equal then we can see 670 to 675, and on upper side nearest swing high and RK's stop line of weekly and daily would be a hurdles to watch out for, which are pegged at 1029, 950 and 925.
Overall wave structure on weekly chart
Reverse Divergence
Corrective wave structure
RK's Momentum sell signal activated
Mass psychological cloud and rk's stop line both in sell mode
Price at 20DMA, ready to break
Head and shoulder chart pattern in weekly, yet neckline to break
Macd in weekly already in negative mode
Macd in daily is down tick and converging towards south, that too below zero line
Rsi in weekly down tick below 50
Rsi in daily down tick below 50
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
INDUSIND BANK: Head and Shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
IndusInd Bank Chart Analysis !!📈 Indusind Bank 📉
My Findings :-
1. Breakout from a resistance zone which was support earlier also with a strong candle.
2. Close above five months high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 1139 and 1229
SL- 930
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
IndusInd bank near a crucial support levelIndusind bank has been consolidating in a narrow range and the two moving averages are converging near the closing price,
On weekly time frame, the stock is taking support from the 20 ema and a doji is formed.
support :- 960,945, 900
Resistance :- 995, 1046, 1100
Here, moving averages crossover, price action and volume analysis can be used to confirm the trade.
On hourly time frame, if the price trade below its 200 ema, a nice opporunity to short will be confirmed as a support level and moving average support will be broken.