#INDUSINDBANK reversalIndusind Bank has shown some reversal at its trend line made since march 2020 there may be some buying opportunity there
Trade ideas
INDUSIND BANK good long candidateIndus bank spot cmp 830
Good demand zone seen around this area,, if manage to sustain around this levels,, can give good rally of 5-7-10%
Good long candidate
IndusInd Bank IndusInd bank is good to accumulate between 800-900 with 700 SL for 1200 target in coming months. Safe traders wait for Break of downtrend line shown, with good volume will confirm reversal and likely the test again the downtrend line for support and also uptrend line for support, That highlighted area will be good price to add for long term. Around 850.
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INDUSIND BANK INTRADAY BUYIndusind Bank look really positive from this level. A strong support at the bottom is being seen and would be recommended to buy at the levels of 870. The TDI diversion looks strong and can be held for a swing purpose also.
Buy above 870
Intraday Target 885
Intraday Target 2- 925
Positional Target- 1000
Stoploss- Below 810 Closing basis
INDUSINDBNK buy signal , will touch 3 digits soonI will buy INDUSINDBNK because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 850
Target : 1500
Stop loss : 788
Even if stop loss its , Long term investors buy more at dips price will touch 1500
INDUSIND BANK - SWING TRADEChart showing paralell channel and now at trend line support and vertical support. and clearly shows the reversal.
IndusIndBk - Trendline breakout/ TrianglePrice rejecting from a trend line consecutively and at the bottom another small trend line in combination with the above making this looks like a triangle pattern.
One can wait for the break and enter the market.
Indusind bank short term tradeHistorically script is bullish at the time of earning. TTM is better than last year. Can reach back to previous years(before covid-19) levels.
IchimoKu Using as Visual Guide Most Try to teach or Tell some one without even knowing the Facts of the components they are using
Even some Try Hosting webinar and Keep talking everything but reality is still unknown to them ,
Some Charge fees to teach what they Know but What they know is it sufficient ? or
do they have meaningful Explanation why Markets and Technical tool have difference of Opinion
why they do not confirm or Give a Indication of difference in strength and weakness
There is lot to learn if you want to become a Successful trader and there is Lot to Understand if you wanna be Professional Trader
In IchimoKu every component represents time and Price in Specified Manner they Give a Visual representation of Entire Mass Psychology
This script is due for down side move One can wait for Price rejection on daily time frame as per specified in the chart then
Look for adding short sell in Futures contracts and cover them at or near the forecast of Cover shorts or Take Profit
Good luck
Double Bottom Formation in Indusind Bank!!Can Go Long if the Trendline Breaks. It's Kind of Double Bottom Pattern, if the Trend line breaks, Bullish probability is Higher!
INDUSINDBANK NEARING ITS PRZVarious levels are shown in the chart
If it cross below 824, then possible to reach 750
If it is not reversing from 824 and falling below then possible to reverse from 750 levels
