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IndusInd Bank Ltd.IndusInd Bank Ltd.IndusInd Bank Ltd.

IndusInd Bank Ltd.

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Trading Setup for IndusInd BankIndusInd Bank can be traded according to the setup. The stock has a very strong support @ 1000 as: - It is a round level - It is a major supply zone for the stock - It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp. But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is forming a Descending Triangle pattern. And, incase BankNifty is Bullish tomorrow and the stock break its Descending Resistance, one can go long on it for a Tgt1- 1050 and Tgt2- 1075
NSE:INDUSINDBK
by AayushAbbi_24
INDUSIND BANK : ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position. 4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X. 5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low. While maintaining the position : 6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position. Exiting the position: 7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately. 10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal. No Trading Zone: 11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
NSE:INDUSINDBKLong
by TradingSutra
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