INDUSINDBK
INDUSIND BANK INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if a weekly candle closes above it for targets of 1500 levels in medium to long term
IndusInd bank out of the consolidation zone.Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame.
The stock has been in consolidation from october and gave a nice break out in the end of november.
The stock can be traded once there is retest of the level and the stock can give nice up side targets.
3 points confirmation.
1. Break out of the consolidation zone.
2. Crossed daily 20 ema and closed above it.
3. The volumes are higher than the previous day.
The stock option and stock can be traded once the stock retest 1160 levels.
Traget:- 1229, 1265
Stop loss :- 1150
The stock can be traded for intraday once it crosses above 1173 and can give a intraday target of 1200.
Wait for the price action and enter once the stock gives a close above the levels.
INDUSINDBKNSE:INDUSINDBK
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel).
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs.
1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.
2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels.
3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
IndusInd Bank: Weekly chart looks lucrative Note: Weekly Chart:
- Rounding Bottom formation completed with 11 months time horizon (blue arch)
- Convincingly above long term (3 yrs) downtrend line. (blue solid line)
- Cum. Vol delta is positive and in uptrend for last few weeks (below plot)
- In a fresh motive Wave-1 in Elliot Wave since July (purple).
With a SL of 1150, one can long.
For safe trader can create a Bull Call (debit) spread with 1200 CE Buy and 1400 CE Sell (preferably Oct'22 expiry) as it's weekly chart.
indusind Bank, Is this scrip ready for a bull run ????Indusind Bank completed Cup pattern
What's Next??
Situation -1 - We may see a breakout, Retest and a huge up-move towards 1740
Situation -2 , Price may retrace and fall towards 1000. At least 50%+ retracement from previous swing will be considered healthy.
Note - Trading is risky and please enter to trade after consulting to your financial advisor. Above presentation is for educational purpose, Not a trade advise.
INDUSINDBK - Ichimoku Bullish Breakout Stock Name - Indusind Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1150
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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