Watch out For Resistance Breakout ✌✌Indian Bank given Beautiful Movement on Friday. Further it have the potential to move Another Level. So keep on your Radar.
INDIANB trade ideas
INDIAN BANK,1DCUP & HANDLE ✅
Stock name : INDIAN BANK
Time frame : DAILY
Cmp : 142
Breakout level : 150
Stoploss ; 120
Tgt : 288 (101%)
Time Duration : 140 Days
BIG Trend reversal in Indian Bank The stock is on verge of multi year BO and gave highest close after 2019. The stock is witnessing continuous series of higher high volumes from last 5 weeks. The stock has one of the most bullish charts among peer group stocks ( Union Bank , IOB, Bank of India). Since big PSU bank like SBI , BOB , CANBK have already entered into big bullish phase , small PSU banks may also get sentimental push. It must be noted that SBI gave lifetime high close on weekly charts yesterday.
A good rounding bottomAfter a long period of accumulation as it seems the stock prepares to go into an upward trajectory after it crosses the blue line and gives a closing above it with good volumes. We have already seen it gathering volume in its upmove which all the more points to a probable breakout scenario
Indian Bank LongIndian Bank Long
Inverse head & shoulders pattern found
Buy at- 125-128
SL- 114
Target- 145, 155
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
A STOCK TAKING PULL BACKA STOCK TAKING RETRECEMENT FROM RESISTANCE AREAL THEN WE'LL THINK ABOUT LONG
Indian Bank (Go long above 110)Indian Bank is at its major resistance again of Rs.110, where in the charts you can see it have taken Support & Resistance multiple times. And last time when it broke that level, it went +150.
indian Bank may give breakout from falling wedge tomorrow indian Bank may give breakout from fallign wedge tomorrow, if bnf got support from trendline will give positvity to the script
INDIAN bank RSI already given divergance falling wedge yet to brINDIAN bank RSI already given divergance falling wedge yet to break
INDIAN BANK Positional view !!!INDIANB : cmp : 118
A pole & flag kind of pattern has been formed in daily chart.
After a significant correction it is resting in support zone.
BO possible above 119.75
So goos to grab on dips
TGT 129.35/136.6/148.65/156.65
Sl 104.75 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
#INDIANB #BANKNIFTY #NIFTY #BANKINDIA #BANKBARODA #SBIN #STOCK #INDIANB
CMP 115
NSE:INDIANB
Target: 158 // 190 // 245 ++
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Expectation is for 250 in long run.
Super Bullish on this stock.
From Rachit Sethia with 💚
Indian Bank - Merger diving the rally.A short term view :
The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget.
For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns.
A long term view :
No doubt Allahabad bank has the largest number of fixed assets compared to other banks in the country but the NPA's too, rising on average of 5% p.a. for the last 3 years.
Forget the the bank acquired, Indian Bank NPA's rose at 17% average for the same period.
NPA's (Gross) do not affect the stock prices as much as they are tend to be commercialized in the journals. Although, the relationship is significant but not very strong.
The story is a bit different with Net NPA or Provision.
With that said, the bank still shows signs of a high curvature from the last trajectory.
Indian bank corectionindian bank long term downtrend and channel breaked and now tested to 102 if retracement done this level then indian bank move next level as of now we expect to toch 102 and retraced
Breakout in INDIAN BANKDisclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. Thank You !
There is a Breakout generated in INDIANB with good volume support. And now this stock is ready to show more upside levels.
Next levels as below :-
1st Target :- 200.00
2nd Target :- 235.00
3rd Target :- 280.00
Stop Loss :- Below 87.50 on closing basis.
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