INDUSINDBK trade ideas
#Indusindbk cash: Looks good above 1000.10#Indusindbk cash
23.03.2021
Looks good above 1000.10
& dips 994-995
stoploss 988
Tgt 1008-1010/1018-1020
(Risk free above 1020 for 1056-1060)
Cmp 990.90
indusind buyBuy from 956 to 945
tg 975/1000
Disclaimer : This is my personal analysis for study purpose not intended for trading
Indusindbk demand & supply zoneNear 828-800 stock have strong demand zone
Reason
-> weekly and monthly demand zone are also near by
Nearest zone is near price range 982-950
All zone are untouched.
IndusInd Bank Took SupportThe stock took support near the middle support line and if sustains above Friday's high then it may go towards the next resistance lines or if it breaks the low then the lower white line may be tested.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
How the market reacting to INDUSINDBKcurrent formation of the patters shows a good disagreement in price between agrresive buys and the profit taking sellers. such type of disagreement result into a bearish nature of security in long terms and will follow the same for this security as well.
let's see how long the agrressive buyers are able to push this stock.
Swing Trade in IndusInd BankFor Educational Purpose only.
Go Long above 1018.9 for targets 1050.85, 1082.8 with SL 987
Reasons :
1. When we draw Fibonacci retracement from the recent lowest swing (Point A) to the recent highest swing we see that the stock is trading at 0.382 Fibonacci level.
2. Also it has made a bullish candlestick pattern (Bullish Engulfing) at 0.382 Fibonacci level marked with a blue circle.
3. There is also a demand/supply zone marked with a purple rectangle. Initially, it was facing resistance in this zone. Now this resistance will act as support and stock is trading around this zone.
4. Trail Sl for the second target as there is resistance around target 1.
longvolume decreasing on weekly basis with narrow spread indicates accumulation
Ready to breakout
Target - immediate 1085
H/S B/DOWN?Think so.This is my first attempt in this beautiful open forum.So constructive criticism is welcome to enrich myself.I am very bad in drawing.Pl bear with me.Normal statutory warnings applicable.This is not trading recomendation.
1044.75 Neckline ?hi , in one hour trime there is a head and shoulder pattern is happening .
one candle or candle wick below 1028 can do invalid the analysis .
DIS- This is purely educational purpose , am not a sebi registered analyst .
Before taking any trade do ur own analysis .
still learning .
kindly suggest me if u have found any wrong in calculation .
Thank you
INDUSINDBK Long Term
Buy at CMP and accumulate at 970-950 levels
Stop Loss at 800 (or according to your risk capacity)
Targets at 1200/1440
Disclaimer: Trade at your own risk.
BoxBOIndusInd has formed a RectanglePattern similar to other banking heavyweights. Reference point is 1000. Can give a crack of 100 points below 1000 HCB.
INDUSIND Bank Intraday Trade.I only trade with 15k capital. I only risk 3% of my capital. So I only trade in 50 to 70 share quantities.
I exit my trade when I lose or gain ₹5.
Nifty and INDUSIND were opened in red today. I was waiting for the revarsal in INDUSIND and in Nifty too.
Revarsal in INDUSIND came around 1:30pm but Nifty was still not showing any sign of revarsal at that time. Around 2:15pm Nifty showed some revarsal at that time INDUSIND was trading at ₹1009.
As per my trading setup Price was above VWAP, 9HSMA and 20CSMA and RSI was in the buying zone. So I entered into a trade with 50 shares at ₹1009.65 and my target of ₹5 hit easily.
INDUSBANK 15/03/2021 SHORT 1.The stock was trading in a range from a very long time & whenever it as given a breakout it didn't survive.
2.We can clearly see Double top pattern on 1hr time frame.
3.Today on 12/3/2021 market open gapup consolidated for half of the day and then a breakdown following BANKNIFTY and had tested the support of 1014 which is very very strong which this stock has tested more than 5 times making it no doubt weaker.
3.You can see a green trendline which shows downtrend which market is respecting at 1054 by making red candle .
4.On 15 min time frame you can again see a range breakout at 13:15 candle and a bullish doji which didn't affect the trend making another candle red.
5.Levels to note
market may open gap up/gap down in the
upper range (1024 to 1029) and for gap down
expect it below 1013.
6.There is no higher chances of bullish market on 15/3/2021 unless any news arrive
-SHIVAM MISHRA
MGB
INDUSINDBK- Flag+fibo+multitimeframe + Triangle pattern
Higher timeframe looks to be in flag position
Major Support:1005
Major Resistance: 1096
