Possible support and resistance lines are drawn, place your targets and stoplosses accordingly.
It can be a buying setup! Although Indusind bank has fallen so much from ite peak since last two years and might coukd not reach that level in near days Its quite volatile and on investors eye You can take trade based on price action! But do mix your analyze with mine!
Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS UPPER BREAKOUT~10872 FIRST TARGET~10917 INTERIM RESISTANCE~10962 FINAL RESISTANCE~11015 ******************** LOWER BREAKOUT~10783 FIRST TARGET~10738 INTERIM SUPPORT~10689 FINAL SUPPORT~10640 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
a. Zone: Strong Bear b. Resistance 1: 572.25 c. Resistance 2: 609 d. Support 1: 488.25 e. Support 2: 477.75
A good pattern in formation. Wait for daily close above 540 to enter
INDUSINDBK make inside candle then consolidate so breakout done of consolidation then you can add in watchlist.
a. Zone: Strong Bull b. Resistance 1: 493 (Double Top Pattern - Bearish) c. Resistance 2: 499.20 d. Support 1: 474.20 e. Support 2: 471.10 NSE:INDUSINDBK
a. Zone: Strong Bear b. Resistance 1: 490.10 c. Resistance 2: 493.50 d. Support 1: 473.20 (Creating Double Bottom Pattern Here) e. Support 2: 469.80 NSE:INDUSINDBK
a. Zone: Strong Bear b. Resistance 1: 483.60 c. Resistance 2: 491.40 d. Support 1: 475.80 e. Support 2: 471.90 NSE:INDUSINDBK
Key Levels for HDFCBANK : INTRADAY CHART ANALYSIS UPPER BREAKOUT~1066.55 FIRST TARGET~1079.05 INTERIM RESISTANCE~1093.95 FINAL RESISTANCE~1111.40 *************************** LOWER BREAKOUT~1049.05 FIRST TARGET~1038.50 INTERIM SUPPORT~1027.25 FINAL SUPPORT~1014.65 My views are for educational purposes only. Please trade with caution and consult your financial...
Showing signs of weakness and having broken through the short term support at around 387, I am expecting the price to correct down to levels of 315 in the short term, before returning upwards. The banking sector has shown overall weakness and IndusInd bank has shown been worse.
Stock is taking perfect support with the trend line. Stock tested fibo retracement .236 twice Major resistance in 545-550 Buy above 550 Target 1 :: 598 Target 2:: 634
Key Levels for BANK NIFTY : INTRADAY CHART ANALYSIS UPPER BREAKOUT~22366 FIRST TARGET~22459 INTERIM RESISTANCE~22571 FINAL RESISTANCE~22681 **************************** LOWER BREAKOUT~22238 FIRST TARGET~22152 INTERIM SUPPORT~22048 FINAL SUPPORT~21921 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
Note: This is for educational purpose only. There seems to be a build up near resistance in Indusind Bank with ascending triangle formation. RSI is above 50 and there is a spike in buying volume.
IndusInd bank is ready to form a double Top
THESE ARE THE TREND LINES RESPECTED BY AXIS BANK.ITS IN A UPTREND NOW .BUY AROUND 405 AND TARGET TILL 480
Trade whichever side you can get breakout. More possibly Upside breakout possible. Trade accordingly. For educational purpose only.