Indusind 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...
Long Opportunity -
Indusind Bank is now in the sideways zone, MA is also confirming this zone. This stock has also filled the gap of 21 Feb. The CPR is narrow and at the upper side which indicates that there will be bullish movement expected. But we have to wait till the CCI turns to the plus level and MA headed to the upper side.
This stock will retest to the...
Short 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.
I am posting this on request from a follower on Twitter.
1) On 1 Day time frame, It failed to manage above 1200 level and then it is facing profit booking.
A bit negative thing is that it closed below 21DMA which is placed as 1164.97 level.
So we can consider that 1165-1170 will work as resistance zone.
Please refer below...
Indusind bank limited share has just given breakout on weekly time frame sl can be below black line for long term positional.
it has given breakout after good consolidation, that is the plus point for this breakout.
******whatever charts or levels sharing here are just for...
INDUSINDBK is trading at a crucial point. There is a chance of multi year trend reversal , if the weekly trendline is taken out. Then stock will start its uptrend.
The stock has been trading in a very tight range since few months. And now its coming out of the range.
The Trendline support has been pushing it up.
Buy- Above 1000
Target - 1428 and More
Indusind Bank is following this channel nicely and we recently took multiple traders by following this setup.
1010-1015 is the next resistance zone for this stock and if it is able to sustain above these levels, we may see a 1060-1070 price on the screen.
In another scenario, if it faces rejection then again towards 970 odd levels.
To motivate me, Please like...
The stock took support near the middle support line and if sustains above Friday's high then it may go towards the next resistance lines or if it breaks the low then the lower white line may be tested.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
If 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"
I 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 .
Disclaimer: It should not be...
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