indian bank- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 155 Next level to 200/250 levels .
-Support is near 125 level on chart.
INDIANB trade ideas
INDIAN BANKNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
INDIANBANK multiyear breakout buy ....indian bank cmp 151
highlights
1. on the verge of multiyear breakout at 161
2. cup and handle pattern seen
3. buy above 161
for targets : t1 202
t2 224
t3 261
292+ cup & handle target max
Indian Bank Flag BOIndian Bank after giving up move 96 to 150, have consolidated between 150 and 135 and in process have formed Flag pattern. Close above 150 will be BO of pattern.
Stock is trading above all moving averages ie 20/50/100/200 where 20MA>50MA>100MA>200MA.
MACD is about to give positive cross over.
Indian Bank Cup and handle breakoutIndian Bank breaking out of the cup and handle base. The upside for this stock is 149.45-96.05 = 53.4. So our target for this stock comes at 149.45+53.4 = 202.85.
Indian Bank Mid to long term target predictionVery good position building seen in Indian Bank & after a long time entering Down to uptrend.
INDIAN BANKINDIAN BANK : CMP 146
RESISTANCE : 155
SUPPORT : 112.50
PATTERN : TREND LINE RESISTANCE
TIME FRAME : WEEKLY
BREAKOUT AREA : 155
BREAKOUT TARGET : 202-288
STOP LOSS : 110
ACCUMULATE EACH DIP
Long Term Opportunity in Indian BankGo Long above 157.1 for Targets of 218.15, and 279.2 with SL 96.05
Reason to go Long :
1. The stock is forming Dow Theory and also gave trendline breakout with high volume.
INDIAN BANK | BULLISH VIEWForming nice rounding bottom..Looks good above 150.
Good for shortterm/Longterm.
PSU sector is just started. there is lot more to go!
INDIAN BANKNSE:INDIANB
LET SEE THE PRICE ACTION : CUP AND HANDLE PATTERN FORME
BUY Above 148 if price breakout with good volume.
I am a beginner to share market. i now only learning about that.
if my analysis is wrong pls tell me . i will correct it and learn form
PLS tell your opinion. about this stock.
date: 6/6/2001
<<<<<>>>>>
INDIANBANK Cup and Handle FormationIndian Bank (INDIANB) is exhibiting a cup and handle formation on the weekly chart. Watch out for a breakout from this zone, it can be a good Long trade.
INDIANBINDIANB
Looks to me as a Cup&Handle.
Anyways, No action now.
Wait for it to sustain above resistance.
Indian Bank-Potential Doubler in makingIndian Bank looking strong by looking at price volume action. Broken out of falling trendline from top with cup and handle pattern. We can expect this to move towards 280 and then 400+ levels. RS is already +ve so trade can be taken else one can wait for 200 EMA to be taken i.e. around 158-160 levels.
