Indusindbksell
IndusInd Bank forming Flag and Pole pattern.Indusind Bank is consolidating in a range after a good rally forming a flag and pole pattern on the weekly charts.
The stock has formed a dragon fly doji and is trading in 5% range for last 40 days which predicts that there will be a nice break out or break down.
It has been trading around the 20 ema on the daily charts and in the last session given a 2% bullish move closing above the moving average.
The stock is holding the recent high and is consolidating around it while the other banking stocks have given a retracement after forming new recent highs.
Previously, the stock has given a nice rally of 13% after the break out. The stock looks in the bullish mode, if the stock gives a break out, cash positions can be carried and hedged future call of current expiry can be carried.
Target :- 1550, 1665
Entry :- After the break out of 1440 levels.
Stop loss :- Close below the previous hourly consolidation.
Watch for the weekly close above the consolidation zone and if the stock gives a close above it in the daily chart, position can be entered with a small Stop loss.
Wait for the price action near the levels before entering the market.
IndusInd bank out of the consolidation zone.Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame.
The stock has been in consolidation from october and gave a nice break out in the end of november.
The stock can be traded once there is retest of the level and the stock can give nice up side targets.
3 points confirmation.
1. Break out of the consolidation zone.
2. Crossed daily 20 ema and closed above it.
3. The volumes are higher than the previous day.
The stock option and stock can be traded once the stock retest 1160 levels.
Traget:- 1229, 1265
Stop loss :- 1150
The stock can be traded for intraday once it crosses above 1173 and can give a intraday target of 1200.
Wait for the price action and enter once the stock gives a close above the levels.
INDUSINDBANKThis stock is forming head and shoulder pattern on weekly time frame, that can be a big bearish ahead. Right now we are at mid. Bollinger on daily chart, at 20DMA once its break and close below 20DMA then that would be a trigger point, Overall wave structure is also suggesting corrective structure ahead, after completion of impulse waves, we are in corrective phase as a zig-zag pattern as a A-B-C, possibly wave A and B are completed and right now we are in wave C of zig-zag, which can subdivide into 5 waves, if wave A and C are going to be equal then we can see 670 to 675, and on upper side nearest swing high and RK's stop line of weekly and daily would be a hurdles to watch out for, which are pegged at 1029, 950 and 925.
Overall wave structure on weekly chart
Reverse Divergence
Corrective wave structure
RK's Momentum sell signal activated
Mass psychological cloud and rk's stop line both in sell mode
Price at 20DMA, ready to break
Head and shoulder chart pattern in weekly, yet neckline to break
Macd in weekly already in negative mode
Macd in daily is down tick and converging towards south, that too below zero line
Rsi in weekly down tick below 50
Rsi in daily down tick below 50
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
INDUSIND BANK: Head and Shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
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.
IndusInd Bank - Short OpportunityShort Opportunity -
Indusind Bank is forming a double top pattern, but this pattern is not yet completed. If this stock crossed the support of Rs. 929.70 then we have to wait till it retests. We can enter at the same support level. The CPR is narrow, which indicates big movement and the CCI is at the downside which indicates bearish movement.
IndusInd Bank - Short OpportunityShort Opportunity -
Indusind bank has formed an 'M' pattern (double top), which indicates that there will be a fall expected in this stock. This stock has already been retested at a neckline price of Rs. 960.45. The CPR is also a downside and RSI is giving confirmation of this stock. If this stock opens below the neckline and closes below this line, it will be a strong bearish call.
INDUSINDBK SHORTI hope you can now see how 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 .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Indusind Bank AnalysisIf you are a bit risky trader, Sell Indusind Bank at cmp 616.5 (cash) Strict SL - 639.1 Target - 560
If you are a safe trader, Sell Indusind Bank below 597 Strict SL - 611.1 Target - 560/540
Explanation : Gravestone Doji on daily charts + "weak sell" but a sell on "Ichimoku Cloud"
INDUSINDBANK SHORTI hope you can now see how INDUSINDBANK 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 .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Last Hope for IndusInd Bank!!Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If support S2 and the yellow trendline is taken out in 1 hr time frame then there is only a LAST HOPE downside!!
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