INDUSINDBANK TRENDLINE BREAKOUTIndusindbank breaking trendline resistance
weekly basis with good volume
and rsi,macd crossover happening
EDUCATIONAL IDEA
INDUSINDBK trade ideas
INDUSIND BK:Likely DEMA GOLDEN CROSSOVERINDUSIND: At 1535 has started to show signs of 10/20DEMA Crossover above 200DEMA in daily chart. Prefer to go long for a positional target of 1570+(for educational purpose only)
Day 37: Day Trading JournalDay 37: After a gap of about 15 days during which I was not trading, and trying to figure out if I can find a better algo strategy or trying to find out if manual trading is better. Since the algo that I had deployed was doing good in paper trade but real trade is a way different battle since the market gives you the worst of price at both times - entry and exit, it resulted in a breakeven after a month, now I decided to focus on my manual trading instead.
I realised that when trading manually, decision making is very complex and cannot be fit in a simple algorithm even when I am looking at just one indicator. The brain actually analyses many different things without even we realising. Most of the time, brain picks up correct entry signals. I tested out my strategy by paper trading and backtesting on different stocks than which I normally follow and I found that the strategy is good and I do good and I am profitable in that. The issue however arises when real money is involved as the most difficult part to master i.e. our emotions, are not involved in backtesting or paper trading. We need to trade live only for that and build that mindset. Nothing else can prepare me for that, so its all real trade for me now, very small positions but rigorously testing the same strategy on different stocks untill I have mastered the emotions.
Indus Ind Bank : 36.83% to 618.66% Upside Potential!!!Indus Ind Bank : 03 Jun 2024
"Life is Simple, So is Trading.
Discover Simple, Yet Powerful Inv Ideas."
In Play : HH : HL
Summary
• CMP : 1527.95
• 3rd Trendline touch, validating the strength of the TL
• Nice consolidation for the past 6-7 years
• Trading right above VP mountain to fuel the price to propel much higher
Conclusion
• CMP 1527.95
• Long position can be initiated
• Higher Targets could be around
o Short Term : 2136/2954
o Mid/Long Term : 4036/6349/11298
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
indusindbank trying to breakout resistance and trend lineindusind bank trying to breakout resistance and trend line, if breakout happen indusind bank price will fly to reach target shortly, otherwise it will continue sideways.
Indusind Bank All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL 1Hr candle close only, Target Trigger Price
indsindbank falling channel brekout hello, in this stock falling channel breakout up site with good volume its good opportunity to buy this stock i hope you like my idea subscribe my channel thank you and allah bless you.
INDUSIND BANK 1HRINTRADAY
- EARN WITH ME DAILY 10K-20K –
INDUSIND BANK Looking good for Downside..
When it break level 1441 and sustain.. it will go Downside...
SELL @1441
Target
1st 1428
2ND 1421
INDUSINDBK MAY FUT – LOT 7 (Qty-3500)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Day 36: Day Trading JournalDay 36 : Today, I put a halt on algo trading as well as day trading. After algo day trading for @14 days, I realised that I was not making profit, whatever profit had accrued was taken away by market. So I went back to my algo backtesting and stress tested it for worst case conditions and that actually came very close to my real time trading. Then I realised that day trading is not gonna make money.
So I have decided to stop day trading and figure out a way to trade swing, now to see whether to follow the hourly chart or the daily chart and if any rule can be applied to it. For the next few days I will focus on trying to find that, meanwhile any trade I do manually will be a swing (holding overnight) to see how it goes.
Day 35 of Live algo Day Trading JournalDay 35: Not much movement today. Remained negative during the day.
I am increasingly getting this feeling that intraday is not worth pursuing. The time market is open is very less, the first half hour or the full hour goes just in trying to figure out where the market wants to go and by the time you think what you'd like to do, it stalls and gets into a range. By the time it ends, the market timings are over and everybody wants to pack up. Where is the time to chase any strategy, where is the time for any strategy to develop.
I think I will try looking for a swing trading strategy and see if that is profitable or not.
Progress/Setback : Nothing much on both counts, will have to explore more.
Bank in a box.This bank is caught in a 10% range box from almost 4 months now. This is the 7th time stock is near to lower end of the box which indicates weakening of support. NSE:INDUSINDBK is now ready to move out of this box.
Day 34 of Live Algo Day Trading JournalDay 34: What a bad day it has turned out to be. Market gyrations has given me losses for all the trades taken. The algo was correct, the logic captured the direction of the market, however the intraday pullback of the market was beyond its normal limits (or as per the set calculated limits over a certain time) and kept hitting SL everytime. Took four trades, all wrong.
Setback: today's market has made me thinking if I should incoporate something else in the logic to figure out the major direction and take trades only in that direction? This will keep me occupied for the weekend.
Day 33 of Live Algo Day Trading JournalDay 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss.
Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today.
Learning/ to ponder: When market takes away your earnings, should you solely rely on algo ? I am thinking of changing it to stop it once a desired profit target has been achieved and take no more trades......
What are your thoughts on this ? Let it run or stop and get out ?
Day 32 of Live Algo Day Trading JournalDay 32: Day opened good, however could not sustain bullish momentum and gave up all the gains. Algo waited till it got the pullback. First trade turned out to be loss making as market played mischief and got me out. On the second trade also market tried to play mischief but the sellers were very strong and did not allow it to go beyond my SL and hence was saved. Getting to the target was a long patient wait. Had to wait for two and half hours to get it. For most of the time market just tried to push beyond the limits and kept on fooling people on both sides but my algo kept on holding. Finally at last it did go in my direction and got profit.
Progress/Learnings: PATIENCE pays. Got jittery at a time when market was close to my stop loss and thought it might get hit but did not do anything manually and held on. Patience and faith on the system pays.
Day 31 of Live Algo Day Trading JournalDay 31: Day opened bullish, my stock opened and immediately ran up to its high point. Algo did not trigger as it is deisgned to get in on a pullback. Got an entry; market tried to cheat but could not succeed and was saved. However later on the market cheated and threw me out with a minor profit. Algo again got triggered but in the wrong direction, suffered small loss. Third time algo got triggered but came out at parity.
Progress : Did not do any manual trade today even when felt like taking a bullish position manually(in hindsight looks like I was correct), but idea is to build the habit of only algo trading, no manual trading, so good, did not get into temptation.
Day 30 of Live Algo Day Trading JournalDay 30: Made a mistake today. Market was bearish in the morning and algo took a position which went on to be incorrect. Again algo took another position and this also turned out to be a loss making trade. After the fall over last few days, I was bullish while the algo signals were all bearish. So, after two wrong trades by my algo, I thought let me take the next trade manually and I went long. Market punished and threw me out. Then again I took two more trades (even when algo was quiet and did not give any signal), made up the loss that I had made in my manual trade. Overall, a loss making day, losing bit less than 1%, but the worst part was losing my patience and getting overconfident on my skills. Bad idea.
Setback: Manual trade.... i think due to getting overconfident by looking at the chart, getting influenced by a certain call, bad impact...
breakdown in indusindbkstock bounced many time on support created lower high and close below support
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Head & shoulder break outCompletely different charts structure, highly underperforming when bnf @ near ath
Now it's outperform bnf in crash
Please follow if you like my afforts.
Day 29 of Live Algo Day Trading JournalDay 29: Good day today. After falling for almost week, market took a breather and the bulls tried to put a stop to selling.
My algo got me into a bullish position in the morning and the momentum gave me my target pretty soon. Had to be away so did not trade later on, but the algo did very well on paper trades.
Had a not so good day yesterday and was not feeling good yet continued with the algo without touching it during the day, turned out to be a wise decision.
Progress: Overcame the sadness of losing yesterday and did not do any manual trade, let the algo run its course.
Bank in a box.This bank is caught in a 10% range box from almost 4 months now. This is the 7th time stock is near to lower end of the box which indicates weakening of support. NSE:INDUSINDBK is now ready to move out of this box.
Day 27 of Live Algo Day Trading JournalDay 27: Another trending day. Algo gave good entry and exit, perfect as per coding.
Progress : No chasing/FOMO/anxiety (well almost)
Learning : Need to chase profit and not let it slip away, market is supreme and smartest of all. Money is more important than getting the math right. Will chase with TSL manually when putting a stretch target.
Day 26 of Live Algo Day Trading JournalDay 26: It turned out to be a good trending day today. Right from the morning the market decided to fall and kept falling. Yesterday I had tweaked my algo to take entry on pullback. Unfortunately, the morning pullback was not strong enough to get me a signal, so missed the morning trade. However, algo caught the afternoon pullback and gave me a good profit of around half a percent.
Internet consistency is an issue which is pestering me since long (now I realise that its this thing which made all my algos go wrong when I used to subscribe to other algo developers/websites). Will have to do something to raise an alarm or a flag whenever there is a drop in internet.
This drop made me take two manual decisions - one to get out when I saw that all the exit levels were broken and yet I was not getting any signal (that's when I realised that the data is not coming) and second time when algo did take the entry (because of wrong data), and then I got anxious as there wasn't enough time left and thought that the market might reverse as everyone would start closing their positions.
Progress : stuck to algo and let it run its course
Setback : Took manual decisions and got panicky/anxious when there wasn't enough time left.
Day 25 of LiveAloDayTradingJournalDay 25:
Another Monday after a weekend, however, now I don't feel the pressure of being wrong because I was out of sync with the market due to the weekend holiday. Now it seems the faith on the system is taking over and the thought never occured to me that its Monday. I just let the system figure out the signals and let it work. I just sat in front of it and just kept an eye on if the connection is still there and the internet data is flowing. Rest... the algo to decide.
Algo worked very well giving me the correct entry and exit signals and made a good half a percent today.
Progress : Faith getting better, anxiety gone, no panic/fear, no FOMO even when I can see the signals where I could have got in manually, yet did not take any manual positions, no emotional upsurge of taking manual position.
