Triangle pattern in Indusind bank. Wait for the breakout.
Indusind bank has recently taken resistance from its gap level and if it manages to again give closing above 1017.50 then we can activate a swing trade with targets upto 1061.75. The stoploss after entry should be maintained at the 50 ema .
Indusindbk if failed to close above 1010 then below 990 closing basis tgt 920 sl 1012
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
You can add an alert for this level any Short term trading opportunity with less risk can be highly rewarding on this level.
Sell @1019, Sl-1024, TGT-1010 Buy @1028, SL-1024, TGT-1034/1037
Indusind Bank - Cmp 1005 The stock is trading near a good support area with positive divergence. Looks good for long with 950 sl on clbs for initial targets of 1065/1120
indusind bank chart analysis for intraday and swing trading
Indusindbank - Weekly channel. Superb setup. Consolidation in rising channel, with morning star reversal pattern Intraday long above 1032 can give 1050/1075. Positional long above 1032 can give 1100/1140
NSE:INDUSINDBK INDUSINDBK remains on an oversold zone on daily time frames and is starting to show some buying pressure. There is a clear negative divergence on an hourly time frame thus indicating a bullish bias.
The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart. Other Indicators also indicate Upside Movement (RSI & MACD) Recent Breakouts of Nifty Will also help push this stock price.
Ascending Triangle Breakout Buy At Cmp - 1045.5 SL - 1025 (DCB) Target - 1140
#INDUSINDBANK is in range from long time, if close above 1026, can go for Long position with SL 1000.
Sell @1047, SL-1052, TGT-1037/1035 Buy @1061, SL-1055, TGT-1075
next week it shall give a break out above 1052. T1-1225 T2-1309
Testing 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