Here by I have plotted the long term support and resistance lines for Indus-Ind Bank . As per my own analysis the stock has formed the wedge pattern on daily chart. I'm expecting the breakout from the pattern on forthcoming days. Up on breakout the target should be the 1535. Its for swing trading ideas.
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INDUSINDBK is beautifully forming a bullish structure.
Buy it on breakout and let it ride.
i will further update the chart post the breakout in my channel www.t.me.tacharts
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Indusind bank is hovering just below its previous broken trendline. The stock is in a 15min correction just below the trendline indicating a potential drop. This trade has a good risk-reward ratio with a tight stoploss.
Entry - Only after 1385 has been broken to the downside.
Stop - 1410
Target 1 - 1351
Target 2 - 1312
This content is for information...
BUY ABOVE 1454 STOP 1440 THE CHART FORMS A DESCENDING TRIANGLE PATTERN ON A BEAR TREND ACCOMPANIED WITH DESCENDING VOLUMES. THE BREAK OUT WOULD BE MOST POSSIBLE ON THE UPSIDE. NEVER SELL THE STOCK AS FAR AS THE NIFTY IS BELOW 10800 AS THE STOCK MIGHT BOUNCE BACK HEAVILY. IF BOTH PARAMETERS OF BELOW 1350 IN THE STOCK AND 10750 IN THE NIFTY IS DONE.. THE SELLING...
BUY INDUSINDBK FUT ABOVE 1430 TGT- 1478 1516 1555 Closing base SL-1358
How to follow our calls & earn maximum profit from our calls
1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU
2. When Target1 is ACHIEVED, TRAIL your SL to BUY/SELL PRICE.
3. Subsequently when Target2 is ACHIEVED, TRAIL your SL to Target1.
4. Subsequently when...
Lets have a look what we got for trading
For Bulls -->
We already mentioned 2 targets in our previous idea of the indusind bank for targets 1550/1650, first target was achieved and it fell from the same levels as it had major resistance of 200 and 100 Dma and kumo cloud, now the daily chart might not look great for bulls, but lets see how we might see this as a...