Indusindbank
IndusInd Bank - Long OpportunityLong Opportunity -
Indusind Bank is now in the sideways zone, MA is also confirming this zone. This stock has also filled the gap of 21 Feb. The CPR is narrow and at the upper side which indicates that there will be bullish movement expected. But we have to wait till the CCI turns to the plus level and MA headed to the upper side.
This stock will retest to the 940.50 level as there was a gap up opening we have seen, and as per the rule where there is a gap up or gap down market retest at that level and fill that gap. So, wait for the confirmation and then enter into the trade.
IndusInd Bank - Short OpportunityShort Opportunity -
Indusind Bank is forming a double top pattern, but this pattern is not yet completed. If this stock crossed the support of Rs. 929.70 then we have to wait till it retests. We can enter at the same support level. The CPR is narrow, which indicates big movement and the CCI is at the downside which indicates bearish movement.
IndusInd Bank - Short OpportunityShort Opportunity -
Indusind bank has formed an 'M' pattern (double top), which indicates that there will be a fall expected in this stock. This stock has already been retested at a neckline price of Rs. 960.45. The CPR is also a downside and RSI is giving confirmation of this stock. If this stock opens below the neckline and closes below this line, it will be a strong bearish call.
chart of Indusind Bank futureeducational purpose only
the pattern on daily chart of Indusind Bank future looks like a bullish double bottom.
important levels
cmp: 948.25
support: 941.50
resistance: 1060.00
this could turn out to be the ST money maker.
the 15 min chart of Indusind bank future looks bearish with the macd crossing on the downside and rsi looking exhausted with a downtrend.
buy on dips means that we wait for a dip and buy as soon as we see a reversal on this 15 min chart with stoploss below the support at 941.50 and we keep targets of 1050+
INDUSIND BANK LONGNSE:INDUSINDBK
Given beautiful breakout from W pattern and retraced, Good time to enter with suitable RRR.
Risky traders enter now
Who wants to play safe can enter above 970
SL 942
Target 1:2 at least
Note: It's only for educational purposes, I'm not SEBI registered guy.
Ping me if you have any doubts or analysis
Insudind bank Double bottom + DemandIndusind bank has came to it's strong demand zone and has bounced back.
It has made a Double bottom.
Swing failure can be seen.
MACD above signal line
RSI just below 50
Volume slightly above average
Buy above 870
Targets mentioned in the chart above
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Indusind bank Swing Trade Setup For TomorrowSo as you can see in the chart, stock is moving upward from last two day.
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Tomorrow if stock give the closing above 958, we can plan this trade for the target of 1000.
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Its a swing trade setup not for intraday, what you think on this?
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Comment below in the box.
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Breakout in Indusind Bank...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.