INDUSINDBK
IndusInd Bank LongIndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
IndusInd Bank Chart Analysis !!📈 Indusind Bank 📉
My Findings :-
1. Breakout from a resistance zone which was support earlier also with a strong candle.
2. Close above five months high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 1139 and 1229
SL- 930
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Indusind Bankscript was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks.
Enter accordingly near 1010-1015
Tgt for 1130/1185
SL of 950
Though with high volatility in markets now-a-days, and where many breakouts failed frequently and miserably. We should control the position size in such breakouts according to current market structure.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Indusind Bank looks goodChart -> Indusind Bank Daily
After giving a good quarterly result, Indusind Bank has breakout resistance area with a volume spike. Also after more than 5 months, it has closed above 200 DMA which shows strength.
CMP: 1018
Target: 1130
SL: 958
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
IndusInd bank near a crucial support levelIndusind bank has been consolidating in a narrow range and the two moving averages are converging near the closing price,
On weekly time frame, the stock is taking support from the 20 ema and a doji is formed.
support :- 960,945, 900
Resistance :- 995, 1046, 1100
Here, moving averages crossover, price action and volume analysis can be used to confirm the trade.
On hourly time frame, if the price trade below its 200 ema, a nice opporunity to short will be confirmed as a support level and moving average support will be broken.