Indian Bank - Ascending Triangle Breakout (D)Go long in the range150 - 155; STOP below 138; Tg . 230; 250.Longby avinash.gpb0
Ascending triangle breakout on weekly charts Big Breakout on weekly charts almost two years levels are breaked . High Volume Breakout Ascending triangle breakout target - 195 Sl- 137.50 Longby priyanshufinancialmarket3
Ascending triangle pattern formed .♐✴✴❗NSE:INDIANB let see the price action = ascending triangle pattern short term traders focus...... target = 205. let tell your opinion about this stock in comment.Longby Pradeep_raj4
INDIANB Ascending Triangle Breakout From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside Can wait for a minor pullback to happen and then enter based on the daily timeframe. Has a good potential on the upside with a Risk/Reward of 1:6 Longby serikarprakash1
Indian Bank- Good Accumulation Hello All, Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector. I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and looks ready to explode. A lot of accumulation can be seen during this period (just look at the height of volume bars). The quantity delivered during the high volume days is also good. Since it's a weekly chart the SL should be a bit long but so is the Target. SL can be kept around previous pull back level of around 120 while the first target expectation can be around 200. Happy Trading! :)Longby Ankit_OberoiUpdated 2211
IND BNK - Bullish- Strong Support for years - Weekly breakout - Volume is great - RSI nearing 60Longby imchartist2
INDIANB CMP - 163 TARGET - 285, 370, 420 SL - 112 WCB INDIANB CMP - 163 TARGET - 285, 370, 420 SL - 112 WCB #INDIANB #stocks #StockMarket #investing #trading #investments #Breakout #NSE #BSE #Nifty #Sensex #Chart #ChartOfTheWeek #trader_rohanLongby Rohan_Hargude2
BREAKOUT IN INDIANBANK -- SWING TRADERefer the chart for entry, sl and target. Breakout with a big candle and high volumes. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.Longby chananasakshamUpdated 1
INDIANB broke Long Term ResistanceNSE:INDIANB broke the Long Term Resistance level 150 Today with Huge Volume. It even made an ascending triangle pattern which is broken today. Keep an eye on this stock for long term investing.Longby Finaticks0
Breakout When price consolidate near 200 Day MA and breakout any chart pattern boundary then the breakout more sustainable compare to other .Longby PrasantaP1
INDIANBANK Positional BUYIndian Bank has made a W formation in Weekly chart and has given a breakout today (12th October's trading session). Short term position target can be 195 above and long term can be above 200 with SL of 153 in short term and 143 below for long term trade on weekly basis. Longby chandanjha291
INDIAN BANK - Investment OpportunityLooking good for a positional trade of 3 to 9 months We can expect higher levels in thisLongby techmental_AK5
Swing Opportunity in Indian BankGo Long above 129.6 for Targets of 137.25, 144.9, and 152.55 with SL 121.95 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level. 3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up. 4. In addition to this the stock has given Trendline breakout.Longby Nimish_GhagareUpdated 2
Indian bank ascending wedge breakoutIndian bank ascending wedge breakout watch for 220 targetLongby jezlinz1
MY VIEW ON INDIAN BANK this is my view on indian bank i can see big upmove from here buy focus on levelLong01:58by DKM_223
INDIAN BANK LOOKS GOOD BUY 149-150 T1 157 T2 165 SL 135-DKM SIR i can see big move dosto Longby DKM_220
BUY INDIAN BANKBUY INDIAN BANK ABOVE 144-145 TARGETS 155, 160++ SL BELOW 135 ON DAILY CLOSING BASIS Disclaimer: All Charts for educational purpose. Please consult your financial advisor before investing.Longby AlphaGainers91
Long INDIABANK Trendline and fibonacci support. RSI renge shift. Buy with Stoploss 123 Target 153Longby prajak21
INDIANB: Ascending triangle,Upside 15%The INDIANB price action resembles the Bank-Nifty price, In simple, the correlation of INDIANB and Bank-Nifty has a O(1). So, In the last three sessions of Bank-nifty, there is a breakout (ascending triangle) which correlates with INDIANB and signifies the movement of the stock toward the same formation of A.T What does it make sense? BankNifty is going to make an advance of 22% and Stock has a beta of 1.42 which implies that for the index next move the stock will advance at least 33%. As a result of breakout with intensive expansion further 33%, cuz Index had made a breakout before the stock. Points to be Note (Technical + Fundamental) 1. Structure- Higher-Highs formation (Ascending Triangle) 2. 1D Critical Demand Zone replusion due to Index correlation signifies fake breakout or failure of 1Week closing. 3. Market Cycle: Primary Trend with sideway distribution (1D) 4. Support: Above 50MA & 100MA 5. Resistance: Major Supply Daily & Weekly 6. Retracement Levels: 0.5 Fib ( of A.T formation) 7. Relative strength: Postive at 4H & Moderate at 1D 8. Volume: Low volumes diminishing but strong buying. 9. Beta: 1.42 aggressive 10. Weekly closing: Positive 11. Monthly closing: Negative yet, but moderate (engulfing postive candle) 1. PE: 4.5 as compared to its peer SBI having 16 2. M.Cap: lower 3. D/E Ratio: 14 Reliable in the banking sector 4. Book-Value: 0.43 Impressive and trading thrice below the B.V 5. Sales: Increased by 90% 6. Sales to OP correlation: Negative as profit is backed by other Income 7. Sales to PAT correlation: Surged by 26% YOY 8. ROCE & ROE is 5.8% vs 10.1% 9. Reserves: Increased by 80% 10. Promoter holding: they pledged the 12% YOY 11. Contingent liabilities: Extreme level That's it! IID-01 Longby rajveerscolia4
Indian Bank Breaking Out of Channel On Daily ChartIndian Bank Breaking Out of Channel On Daily Chart NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysisLongby Prasen1
Expecting breakout - Range breakout ✌✌✌This scrip is expected to give range breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏Longby DY9772222
Indian Bank CMP 123.5 Indian bank- CMP 123.5, Technically it made a cup pattern and also another cup in formation stages. It can be taken for long with a sl of 114 for a tar of 146.4, 156, 167++. In the first cup also it reversed after touching a low of 200DMA and in second cup also it touched 200DMA today and started reversal. It recently announced quarterly results and results are good. All these factors favoring for a rise. This is only for educational purpose and investment shall be done based on the advice of financial adviser.Longby avlnrao63224
Indianbank-139.3Indian bank- CMP139.3, Results are very good. yesterday after announcement of results it went up little and closed around 1% up with huge volumes and settled lower due to general weakness in market. Technically also it made a cup and handle pattern. Handle if in formation and handle formation will be completed soon and will break out. It can be taken for long with a sl of 115 for a tar of 146.4, 156, 167, 186, 200, 255, 286. This is only for educational purpose and investment shall be done based on the advice of financial adviser.by avlnrao633