Indusindbank
INDUSIND BANK TRADE SETUP (POSITIONAL)Indusind Bank share is very near to the support level. If it break the level of 988.
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Then we can expect the downside around 960-970.
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If it goes upside 1013 is a strong resistance, you can accumulate this stock in this price.
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Once it break the 1013, we can see the level of 1040-1050.
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What's your view on this comment below in the box.
OUTLOOK ON INDUSINDStock- Indusind bank
Cmp - 1039
Resistance- (1060-1070)
#fundatechnoinvest
FUNDAMENTEL HIGHLIGHTS-
-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 as well.
Things to worry about🛑-
-Gross NPA & Net NPA % increased QoQ
-Net profit margin down to 9.78% from 15.34
Long term trend change ahead?
Share your views in comment.
@sumitsanghavi09
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IndusInd Bank - Traingle breakoutHi 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
SL: 1020
Super Safe entry : Above 1052-1055
Target is 1100 + ( Depends upon how fast it will move after breakout )
- Once it breakout above blue line as shown in chart ... it can move upto 1200
So please wait for successful breakout, dont jump in any trade.
Things to remember :-
1) Always wait for the confirmation , don't directly jump into any trade.
2) For this stock ... Breakout level is above 1034 --- So aggressive players can take entry above 1034, and Super Safe people can take entry around 1052
3) Conditions for breakout is a big green candle with good volume.
4) After a successful breakout, there is 90% chance it will come back to retest the support, which was once resistance. So if you are a safe player just wait for it to re-test , once it re-test successfully or bounce back from the support, then you can take entry above the recent high.
5) Always keep trailing stop loss. Which you can decide for eg : Tomorrow's SL will be the low of Today's candle ... same way you can trail stop loss.
Note : I am still a learner, Please let me know if i missed something
Disclaimer : This is just for Education purpose only.
How to Do Swing trading in INDUSINDBK ✺----------------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 high that is 1050 and closed above it on D chart, potential swing trade will be activated :), Trade as per your setup now this is just an Idea, a [potential trade or valuable info to boost your setup :) , if you don't have one then first make one and only then trade this according to you if seems good :)
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>v
INDUSINDBK on Breakout- Take long position 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.
INDUSIND BANK - Broadening pattern | Target - 1300 🔰 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 as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>