Break of HnS necklineIndusindbk has formed a bearish head and Shoulders pattern. Could be shorted with SL just above the neckline.
INDUSINDBK
my view on indusind bank for the upcoming weekI am bearish on indusind for the upcoming week, lets see how the stock performs!!!!!!!
INDUS_BANK Head n ShouldersINDUSINDBK has been moving sideways, for a few months, unlike its usual path of higher highs for years.
Making a Head n SHoudlers, currently on a Sup/Resistance level , awaiting break probably when Nifty is done with its Correction.
INDUSINDBK BreakoutINDUSINDBK has been respecting the neckline for long. Its also movingin the down channel. Made a good leg up yesterday/
Currently on the intersection of neckline and channel edge. Awaiting Breakout / reversal.
INDUSINDBK Falling Wedge BreakoutINDUS BANK after iss moving in a falling Wedge.
Currently on the edge of Breakout/reversal zone.
INDUSINDBK Trendline BreakoutINDUSBANK has been bouncing off the 2 month long trend line.
Currently on the edge of it awaiting for a reversal or a breakdown
INDUSINDBK Rising WedgeINDUSINDBK is moving in a rising wedge, almost a channel.
FOund suport at orange lelve after it broke the previous high and retested the orange level.
Another leg up presumably, r it can fall down ,breaking out of the wedge.
INDUSINDBK Break Down zoneINDUSINDBK is on its neckline and in the blue decision box.
Break, in either direction is possible
INDUSINDBK Flag Pattern BreakoutINDUSINDBK broke out of a month long FLAG .
Respecting the sup/resistance levels while retesting.
Breakout from the yellow double top zone can give a small rally up.
Better view of flag in higher timeframe.
If one consider the length of pole of the flag as the target length , then its up for a huge rally.
INDUSIND BANK - BEARISH HEAD N SHOULDER PATTERN It is been observed on the daily chart that the price action forming a bearish head n shoulder pattern, indicating further weakness ahead.
Target 1: 1380
Target 2: 1340
Stoploss: 1420
INDUSINDBANK A APPORTUNITY FOR INVESTORGOOD LEVEL FOR INVESTOR 1050-1080 TGT 1200-1220-1250
I THINK NEVER WILL GO BELOW 970-975 IN THIS YEAR
Indusind Bank on the edge of falling wedge,waiting breakoutIndusind Bank after breaking uptrend journey fell sharply and slid further downward. it has already touched the support and retraced almost 50% of fibo level. As bank nifty closed in green last week and shown signs of upside movement, Indusind bank is also trading at edge of falling wedge resistance and any time breakout upside may occurred and it will target 1145 in near term as 1st resistance. and if bank nifty remain under pressure we may see this to retest the support again 1037.Traders are advised to enter according to tomorrow morning situation if open gap up go long otherwise short.
Indusind Bank heading up trend reversalINDUSIND Bank after trading in long term up trend is seems to have gone in trend reversal, it struggling to breakout further upward but remained unable and retesting the resistance, there is a good opportunity in this stock to short at CMP with a target of around 1150.00,or if break this level next support is 1080.00 as fibo 38% extension, it has already retraced 23%. Traders may enter long with small stop loss if upward breakout occurs.
