Indusindbank
INDUSINDBK: LONG SIDEIndusInd Bank formed an advance Flag Limit Power Pattern in daily chart today on 21.05.2021. A good Demand Zone in Price Action.
Long idea for short term, at 975.50 with a SL @956.45 (Risk is 19.05 Rs 2%) for a Target-1 of 1032.65
Target-2 1051.70 & Target-3 1070.75
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BULLISH IF BREAKS AND SUSTAINS 1000 IN DAILY TIMEFRAMEON BULLISH SIDE IF BREAKS AND SUSTAINS ABOVE 1000. SHORTTERM TARGET OF 1000 IF BREAKS AND SUSTAINS ABOVE 970.GOOD FOR LONG TERM INVESTORS AS IT HA BROKEN THE TRENDLINE AND BOUNCED BACK FROM DEMAND ZONE .LONG TERM TARGET OF 1100 IF BREAKS AND SUSTAINS 1000.GOOD BUY ON RETRACE.LET ME KNOW IN THE COMMENT BOX HOW GOOD IS THE ANALYSIS AND DO FOLLOW IF YOU LIKE ONE.
Indusind bank Can go 7 % or 20 % ??2 Hour Chart Pattern
Gap filled with Strong Candle with the support of volume
if open today with gap up and sustain above 920 for one or two candle than can go up to next level that would be 1000 and next would be 1100
Nice Volume Build up
Nice pull back candidate
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
INDUSIND BANK INTRADAY BUYIndusind Bank look really positive from this level. A strong support at the bottom is being seen and would be recommended to buy at the levels of 870. The TDI diversion looks strong and can be held for a swing purpose also.
Buy above 870
Intraday Target 885
Intraday Target 2- 925
Positional Target- 1000
Stoploss- Below 810 Closing basis
Indusind Next Resistance | 1015-1020 ZoneIndusind Bank is following this channel nicely and we recently took multiple traders by following this setup.
1010-1015 is the next resistance zone for this stock and if it is able to sustain above these levels, we may see a 1060-1070 price on the screen.
In another scenario, if it faces rejection then again towards 970 odd levels.
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Happy Trading!
InvestPro India Team
IndusInd Bank Took SupportThe stock took support near the middle support line and if sustains above Friday's high then it may go towards the next resistance lines or if it breaks the low then the lower white line may be tested.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team