INDUSINDBK
Indusind is on important levelTesting the 61.8% levels in fibonnaci on weekly chart. and have a resistance at the same level. Need to wait for the breakout.
*Educational purpose only
Indusind Bank Trade Setup For Positional Trade (28th June)Indusind Bank Trade Setup for Monday.
.
So on tomorrow indusind Bank share can give the correction till 1003.
.
If it break 1003 support then 995 is a strong support.
.
You can do a positional trade for the level of 1050 in this.
.
What your view's comment below.
indusindbk ready for breakoutIndusindbk is touching big term trendline.
In recent days never gave clossing below 100 dma
If sustain above trendline could touch 1200
Indusind Bank Short Term Trading Set up 1The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 979 or 965 max.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
INDUSIND BANK - Potential BO coming up💲💲🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
INDUSIND ONE HOUR ANALYSISKINDLY CHECK OUT THE CHARTS FOR LEVELS AND ENTER ONLY IF THERE IS A PULLBACK AT ENTRY PRICE
SL CAN BE BELOW 987.
PS: NEWS RELATED TO THE STOCK CAN MAKE IT WEAK
DISCLAIMER: FOR EDUCATIONAL PURPOSES ONLY
#HMVL CMP103.90 #TARGET 197 #RELIANCE #INFY #HDFC#KOTAKBANK #ITC#HMVL
NSE: HMVL
Short Term Quick Profit
CMP 103.90
Target 157.90
SL : 78.05
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
Channel Breakout in Indusind BankIn the daily chart, a channel has formed which has given a breakout for a higher level.
Trade with proper Risk Management.
INDUSINDBK on Breakout- Take long position INDUSINDBK is good to enter above 1037, breakout on daily basis for immediate target of 1064/ and then 1100. Time frame June Expiry.
1.It’s above Ichimoku clouds, above conversion line and base line, chikki span above clouds.
2.Ascending wedge breakout
3. Trend lines breakout and consolidating at this price since 2 weeks.
Indusind for 15.06.20211.buy above 1031, Targets - T1, T2, SL-1023
2.weak below-1018, Targets-T1, T2, SL-1025
3. void if opens big gap up or gap down
#DCBBANK CMP111.25 #Target 124.65 #HDFCBANK #ICICIBANK #AXISBANK#DCBBANK
NSE: DCBBANK
Short Term Quick Profit
CMP 111.25
Target : 124.65
SL : 104
Timeframe < 45 Days
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Possible Breakout in IndusIndBankAfter the close of today's session (31/05/2021), Multiple bank scrips in NIFTY seems to be hovering around a defined resistance zone.
IndusIndBank seems to be one of them.
Notes:
- High Beta Stock (one of my personal favorites to trade on a trending day)
- Consolidation right below a defined resistance zone (1017-1025) . Tested the range twice in the last 7 days.
- Kinda Risky since a clear target is not visible above the zone intraday (at least to me. Feel free to put out your targets. Everyone's here to learn ;) ).
- Ideal case, around 2% upmove from above the zone to hit 1050 levels. (Ambitious yes. But Could be a great day for banks judging by the setups of the other banks in which case a high beta stock such as this could hit our targets).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Retesting of Support - Positional TradeThe banking sector is going to be in the limelight for the coming seasons. We can expect Bank Nifty to touch all-time high soon. IndusInd Bank could be a good pick. One can enter with long-term perspective on a wide bullish candle supported with strong volumes.
Indusind Bank - Potential Bullish ScenarioThe price broke out of the downtrend line with high volume and rallied to change the market structure. The RSI moved to 70+ region, and therefore it may cool down a bit before moving up again. This will give a retest of the previous high, 950-960 region. Long positions can be opened on this retest. The target which I am looking at is 1084.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
INDUSINDBK Ready for Next 100-200 Point MoveINDUSINDBK has broken out of the descending triangle with volume. The stock is ready to touch and probably breach 1115 and go toward 1200.
INDUSIND BANK- BULLISHGOOD BUYING SEEN IN INDUSIND BANK TODAY. RSI BULLISH. THE TREND LINE SHOWN IS THE RESISTANCE LINE IN THE WEEKLY TIME FRAME. IF IT OPENS SOMEWHERE NEAR 1020 THE MOMENTUM CAN CONTINUE YOU CAN LOOK FOR BUYING OPPORTUNITIES. THE FIRST TARGET WILL BE 1085. ONCE IT CROSSES 1100 LEVELS WITH MOMENTUM 1195 LEVELS CAN BE ACHIEVED EASILY. REWARD TO RISK RATIO ALSO FAVOURABLE. MAINTAIN A STOP LOSS OF 985.
IndusInd Bank is near its fresh FTR Supply ZoneIndusindbk is arriving to its FTR Supply Zone and the zone is fresh, so look for shorting opportunity in that zone when price arrive.
The entry level is 994.30 with a Stop at 997. If it works then minimum 1:3 RR will produce.
