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...
The market is in Consolidation mode... Took a reaction from 52 Week's High.
Very important Trendline, If it breaks with a Big candle then we will witness a huge fall.
OI & Volume are to have to be considered.
Indusind Bank completed Cup pattern
What's Next??
Situation -1 - We may see a breakout, Retest and a huge up-move towards 1740
Situation -2 , Price may retrace and fall towards 1000. At least 50%+ retracement from previous swing will be considered healthy.
Note - Trading is risky and please enter to trade after consulting to your financial advisor. Above...
Fresh trendline breakout seen in INDUSIND BANK, Also Stock on 1-hour Chart trading in Channel Pattern, We are Expecting Targets of 880 in the Next 2-5 days, Will Place stoploss below 839 And Entering Long at CMP @ 854
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.
NSE:INDUSINDBK
I am posting this on request from a follower on Twitter.
Observations:
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...
Buy IndusInd Bank around 1190 - 1200 for the upper marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:INDUSINDBK
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
Sl-950
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...
![INDUSINDBK: Simple Trade Setup | INDUSINDBK | 27-10-2021 [INTRADAY]](https://s3.tradingview.com/i/itXjy8XE_mid.png "Simple Trade Setup | INDUSINDBK | 27-10-2021 [INTRADAY]")
