During the 2007-2009 recession, INDUSIND BANK lost stock price lost 80% of its value.
Currently, the share is down 88% from its ALL-TIME HIGHS.
Things will get a little bad for both the economy and the stock market before they start getting better. But, we shouldn't overlook the highly oversold banking stocks.
Create a plan to add small chunks of banking...
INDUSINDBK is the 4th underperforming stock, Trading way below 2008 trendline.
It is one of the biggest Under-performing stock from the last one year.
Stock rejected 2014-2016 trendline and after that stock continuously falling.+
This is only for educational purpose.
Support 1137 nearby
Final Support 1061 nearby
If price fall heavy, reversal is possible. The tail is an important role in this stock for confirmation of direction.
We have already seen tail last week but it's little smaller.
1242 is first target and last one is 1352 but the expected time will be too far for last target.
It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like Indus Bank.
With my technical analysis , the INDUSINDBANK uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the...
Thanks for the tremendous response I got for the Nifty-50 trading tool.
It is non-repainting indicator and uses @version=4.
This is trading tool for IndusInd Bank which is traded on National Stock Exchange (India).
The results will be very different depending upon time-frame and date range of your choice.
The strategy works best on 10 minutes timeframe. The...
Accumulate at low level, see below entry level. Whenever break 1200 level it will move up to 1500 but go with revise stop loss 1300
Buy zone 800 to 900
Stop loss 790
Tgt 1180 - 1500
current rate 1014.8
Disclaimer: Buy Sell is your choice. No Recommendation.
1. The trend lines have been drawn on the basis of previous days reversal levels of the stock along with other market data/indicators.
2. The trend lines are valid for intraday trade on March 02,2020.
3. Performance report of the chart will be shared after market trading hours, depicting any buy or sell signal, if any, generated during trading hours and its...