Indusind Next Resistance | 1015-1020 ZoneIndusind 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 idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Indusindview
IndusInd Bank Took SupportThe 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.
Happy Trading!
InvestPro India Team
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.
Long IndusindbkI 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 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.