IDUSB trade ideas
Head and shoulder pattern breakdown in INDUSINDBKINDUSINDBK
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakdown of Head and shoulder Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1140-.
✅Can Go short in this stock by placing a stop loss above 1218+.
✅ breakdown this can give risk:reward upto 1:5+
INDUSIND BK: Strong buyHello everybody!
The price here is still developing but with the confluence of several conditions price should soon see a close above the 1275-1290 range, and take off and boom toward all time highs
TARGET: 1800+
SL: 1110
A confluence of several patterns coming together:
Recent cup and handle formation (wait for a breakout of same)
Long-term S/R, testing it 3rd time now
Upmove from covid lows and then the current accumulation phase
Supply reduction from the past several months
20 & 200 EMA in close consolidation since last 18+ months, now with 20 starting to move away
Traders with risk appetite, BUY at the start of expiry & SELL towards the end of the expiry for every month of 2023 (keep position sizing in check).
Risk-averse traders take equity delivery.
BUY & Only BUY this stock in 2023.
NSE:INDUSINDBK
Indus Ind Bank : +38% Upside Potential15 Dec 2022 Indus Ind Bank
Summary :
• Stock Breakout (15 Dec 2022)
* Low Volume
• Base of 3 months
• Cup & Handle Pattern
• Potential of +8% to +38%
Conclusion:
• CMP 1270
• Long positions can be initiated
• Stop Below 1110
• Higher targets could be around
o Short Term – 1373/1440
o Mid to Long Term – 1589/1660/1720
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
INDUS IND BANK:- CUP WITH HANDLE PATTERNIndus Ind bank nicely shaped up in beautiful 59 Week Cup with handle continuation pattern.
Trend seems to be remain intact .
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
Happy Trading(:)
Indusind Bank All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Dec 09
SL day candle close only, Target Trigger Price
INDUSIND BANK looking good #APOLLOHOSP... ✅
INTRADAY/ Short term delivery call as well
All levels given in charts ...
IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
INDUSINDBK | Near Resistance • Resistance from 1200 to 1219 (Gap Zone) , can act as big hurdle for price. we are trying to catch top here.
• This trade seems very risky . to decrease this risk if price show reversal after touching a resistance at 1200 . then we will be safe to enter .
May there will be possibility that price will not going to give second chance . Although analysis idea published so early to be alert for it's activation.
• Entry:- 1183.80 break
• Downside Supports can become our targets.
Targets :- 1172.85
If sustain below trendline and first target which is 1172.85 , we can see more moves downside towards 1146.90 , 1131.95 , 1117
• Stop Loss / SL :- for shorttime short trade 1190
for longtime short trade 1203 Resistance zone (for this see position tool used on chart)
INDUSINDBK
If the break out CUP & Handle then go big movement know ,,,,, so watch on this stock
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our calls, please consult your financial advisors. Thanks
Range breakout in IndusInd Price has been sustaining above the range high which was acting as a string resistance in the IndusInd bank daily timeframe chart for a couple of weeks. On an hourly timeframe, the trend line drawn has been acting as a good support. One can look to go long given the sector tailwinds with the trend line as SL on a closing basis.
Best of luck!