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IDUSB trade ideas

IndusInd Short Idea and Discussion The trade is correct but I will not do it. Sharing it for future reference The r:R here is bad which is 1:1.23. I do not do anything that is less than 1:3 at minimum. Or the stop loss in terms of points has to be very less! Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:INDUSINDBKShort
by Amit_Ghosh
How to trade possible short term setup on IndusInd bank ltd?How To trade ABC pattern formation on 30 Mins chart of IndusInd bank ltd 1. Price has formed ABC pattern on 30 mins chart (clearly marked as points ABC on chart). 2. A-B retracement is approx. 0.50% which is acceptable criteria for A-B retracement. 3. Marked fibonacci levels (0, 0.236 and 0.382) by using fibonacci tools on range B To C. 4. On this ABC setup, Price crossed 0.382 first time on 23rd march 2023 (marked the date on chart as well) and retraced back to 0.236 and 0.382 levels of fibonnaci and hovering around the same levels. 5. IMPORTANT: Wait for price to cross again 0.382 fibonacci levels , which is price as 1027 (also in chart marked as entry level) keeping stop loss of 1010 (which is below 0.236 fibonacci levels) for the target of 1073.65-1086.55 (which is Point B candle low and high price) 6. RSI divergence occurred as well and same has been marked on charts, which is good indication 7. On fundamental grounds: IndusInd Bank Ltd.’s Revenue was higher than average estimate 3 times in past 3 years. Note for everyone who came across this study: This is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INDUSINDBK
by hardeepssethi
Head & Shoulder Breakdown in IndusInk Bank - Shorting CandidateNSE:INDUSINDBK is a short candidate on 1 hour timeframe. Couple of pointers to note - Strong bearish candlestick has been formed on this timeframe. It can give movement up to the breakdown target of 1140. Intermittent targets are reflecting on the chart One can short this stock by placing a stop loss above 1218 Looks like a good R:R trade Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:INDUSINDBKShort
by nerdywasabi