The stock looks good above 1120 for the targets of 1160 and 1195 until 1078 is intact on the downside.
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as we can see the level of indusind bank which is on radar of breakout, breakout can reach the price level of 887-890 and the second view is reversal if price unable to break succesfully the level of resistance then reversal can happen and price can drop the level of 850-848.
Note: This is for educational purpose only.
There seems to be a channel & descending triangle bullish breakout with volume. Moreover, there is a trend line breakout in RSI as well.
Entry Price: ₹590
Most of the time , the price will eventually break the support line and continue to fall in a Descending Triangle situation. However, in this case the support line seems to be very strong. It appears that the price is going to bounce off the support line and will make a strong move upwards. The good news is that we don't care about the Price Target. We just know...
It has formed a Symetrical Triangle on a 45 Min chart. The triangle has broken upwards and a big spike is expected on 3rd Sep 2020.
Targets maintained as per my previous ideas.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisor. Risk it for the biscuit.
IndusInd has given a breakout in the previous session. I expect the momentum to continue towards the upside. My bias on Banknifty is currently bullish, due to the structure which HDFC Bank is forming, and as it is a heavy weight in Banknifty, I expect a breakout in HDFC Bank would be followed by a bullish move in Banknifty. And as IndusInd Bank is a part of...
I hope you can now see how the Indusindbk represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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