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INDUSINDBK

INDUSIND BANK - 15MIN - Short Trade with a good R/RIndusind 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 Disclaimer This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
NSE:INDUSINDBKShort
by PranamGhagare
Indusind bank- Trading ABCD patternLets 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 reversal point for bulls to go long. 1. Formed ABCD pattern 2. EW rule --> corrective wave doesn't breach start of wave 1 3. Fibonacci cluster retracement and extension at current level For Bears --> Since it fell from 200 and 100 DMA and after filling the gap at 1550 level, breaching 1399 may push the scrip towards 1375/1350, but bears got nothing to trade till it doesn't fall below 1348 levels, which is major support level. Trading Plan for bulls --> Keeping the fact that this scrip is trading below important moving averages indicating weakness, we have many other factors for bull to make a strong comeback as mentioned above. Trading/holding above 1400 levels for targets --> 1485/ 1555/ 1600/ 1655 SL - 1399 Here, trading above 1400 means different for individual trade, can use own strategy, an individual can also wait for whole trading session to see what candlestick pattern it makes. No trading if falls below 1399 Regards, Sharma Yogesh
NSE:INDUSINDBKLong
by yogi_sharma_elliottician
2
Bank Nifty ATH: Soon to be witnessedNifty made an All Time High (ATH) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH. According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how. Well the set up seems to be quite robust, given the uptrend in various individual Banks, I have posted the charts for each individual Bank as well. Well HDFC Bank is also in a clear uptrend, though a clear pattern couldn't be spotted (on hourly basis), hence I did not put that chart here. P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.
NSE:BANKNIFTYLong
by Nikita_Poojary