INDUSIND BANK LongAt supoprt in a Channel Pattern.
Entry, SL and Traget is mentioned on chart.
Warning: Be cautious of the falling green trendline (weekly).
Go with less quantity.
INDUSINDBK trade ideas
Indusind Bank - Rising Channel | SWINGStock has been trading in parallel channel since many months. It has touched lower TL today and bounced. It can continue the bounce in coming days and start another rally.
However if it breaks the Trendline then good to short the stock
Can consider for Intraday as well.
Buy for Intraday and Positionalclear breakout in 1h and 30 min candle. Stock becomes bullish. Buy if supported by bank nifty.
INDUSINDBK - BULLISH REVERSALStock is reversing from major support area with bullish candle.
Refer the chart for levels
Inverse Head And Shoulders Pattern in IndusInd Bank Hourly Inverse Head and shoulders pattern formed in IndusInd Bank in hourly TF
Breakout already done and one can initiate long position around 975 - 978 during retest and SL as slightly below RSH mentioned in chart target of 1035 - 1040.
1. IHS neckline breakout done
2. Breakout with good volume
3. RSI above 60 level
4. Multi year support after breakout
5. Closing the position at target price or TSL would be better risk reward(1:2)
Note: Its my personal idea and not for anyone to trade based on above
INDUSIND BANK Cmp 993.30INDUSIND BANK Cmp 993.30
Its is moving in a channel and right now taking support at its lower channel.
buy above 996 tgt of 1010-1030-1050-1065-1085-1100 SL 950.
This is just a view, pls trade at your own risk.
INDUSIND BANK: Parallel Channel Bottom + 100 EMA Support🎯A good bullish candle is formed at the bottom of the parallel channel indicating support. Besides, IndusInd bank has a history of taking support on 100EMA since September 2020 (7 months). Based on the same analysis, I gave an idea on 29 Jan too (past support day) and it worked like charm.
INDUSIND BANK : Falling Wedge Breakout with trendline supportINDUSIND BANK : Falling Wedge Breakout with trendline support. Pattern looks extremely bullish, one cak keeo long until we are above this Trendline
INDUSINDBK TRADE IDEAAdd this stock to your watchlist. The reasons for the trade have been mentioned in the image.
---HAPPY TRADING
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
