IDUSB trade ideas
IndusInd bank out of the consolidation zone.Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame.
The stock has been in consolidation from october and gave a nice break out in the end of november.
The stock can be traded once there is retest of the level and the stock can give nice up side targets.
3 points confirmation.
1. Break out of the consolidation zone.
2. Crossed daily 20 ema and closed above it.
3. The volumes are higher than the previous day.
The stock option and stock can be traded once the stock retest 1160 levels.
Traget:- 1229, 1265
Stop loss :- 1150
The stock can be traded for intraday once it crosses above 1173 and can give a intraday target of 1200.
Wait for the price action and enter once the stock gives a close above the levels.
IndusIndBankPrice is consolidating in the form of ascending triangle. If the break out is supported with volume, the upside movement will be good. Any one who trade with strategy and manage risk can become a profitable trader. Buy above 1154 with the stop loss of 1146 for the targets 1161, 1172 and 1186. You are responsible for your trades.
Indusind Bank Target 1600 , 1800, Flag and Poll breakout Indusind Bank is consolidating after giving breakout in Aug 2022 .
Bank Nifty moved 4000 point since Aug 2022. The move lead by ICICI Bank, Axis Bank, SBI, HDFC Bank and Along with PSU BANK
Kotak Bank and Indusind Bank has not moved in rally, So as Index start correcting
i.e. HDFC, SBI, AXIS start correcting Index will be managed by Kotak Bank, ICICI bank and Indusind bank.
Indusind Bank
Buy IndusInd Bank Above 1280
SL
T1: 1460
T2: 1578
T3: 1800
After Flag and Poll breakout
Global cue should support market direction
Indus IND bankLogics behind the analysis
1. Bank Nifty is in strong bullish momentum
2. This scrip has shown strong bullish run in recent times thus it's a momentum based trade (just like
in traders language "Trend is your friend")
3. Post strong bullish run it's in a rest mode now (profit booking) and therefore it's
ranging/consolodating
4. Bigger the consolidation breakout with a bullish engulfing candle higher the chances of further
bullish run
Now, for conservative traders - they can book their profit at Tgt level 1 and those who wish to continue further long can keep trailing stop loss at the entry point
SL level - below bullish engulfing candle (just below the wick)
Impt remark - Dont risk more than 2-3% of your fund in a single trade and don't let emotions takeover your logical mindset, remember "cut the losses short"
Thank you
Finntastic Trades
INDUSINDBKNSE:INDUSINDBK
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Indusind bank on crucial supportIndusind bank has been losing steam after a big rally it is currently in a very critical spot with respect to its recent price action.
1. The price is trending at the recent support.
2. Price has formed a triple top before settling on the support zone in the last trading session implying the strength of bears in the market.
3. There is approx a 10% momentum possibility in both ways if the price takes to support or breakdown from the zone.
Indusind,1137 will be grt place to buyIndusind weekly chart looks promising as of now, pullback towards 1137 will provide good risk reward setup. After spending 45 weeks below this price, Indusind broke out on 5th Sept 2022. So in my humble opinion price should not go below 1137 or 1062 which is 200 weekly support. Any retracement towards this zone will give swing traders great opportunity to earn quick 5-6%.
Plan a) place alert for 1137 and enter with only 33% of plan qty and add more once price open above 1235
b) buy 33% qty near 1137 and add more near 1065 Sl in both cases will be closing below 1035.
As Bhasin sahab always says " lene ki chesta to kijiye"
Always respect risk, happy earning :)