Indusind Bank Limited - Breakout Soon 📊 Script: INDUSINDBK (INDUSIND BANK LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY BANK / NIFTY500 / NIFTY
📊 Sector: Financial Services
📊 Industry: Banks / Private Sector Bank
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 1240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 One can go for Swing Trade only above 1240.
BUY ONLY ABOVE 1240
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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IDUSB trade ideas
INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel).
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs.
1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.
2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels.
3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
IndusInd Bank: Weekly chart looks lucrative Note: Weekly Chart:
- Rounding Bottom formation completed with 11 months time horizon (blue arch)
- Convincingly above long term (3 yrs) downtrend line. (blue solid line)
- Cum. Vol delta is positive and in uptrend for last few weeks (below plot)
- In a fresh motive Wave-1 in Elliot Wave since July (purple).
With a SL of 1150, one can long.
For safe trader can create a Bull Call (debit) spread with 1200 CE Buy and 1400 CE Sell (preferably Oct'22 expiry) as it's weekly chart.
indusind Bank, Is this scrip ready for a bull run ????Indusind Bank completed Cup pattern
What's Next??
Situation -1 - We may see a breakout, Retest and a huge up-move towards 1740
Situation -2 , Price may retrace and fall towards 1000. At least 50%+ retracement from previous swing will be considered healthy.
Note - Trading is risky and please enter to trade after consulting to your financial advisor. Above presentation is for educational purpose, Not a trade advise.
Indusind bank fib levels for swing trade (Learning purpose)Day TMF
* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
INDUSINDBK - Ichimoku Bullish Breakout Stock Name - Indusind Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1150
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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indusind bank sell
LOGIC:
it again came below its trend line .
it means a correction till 20 emaa line is possible .
it has already shown a good upmove and a short correction should be there or profit booking .
RSI is also reversing .
VERDICT :
market may correct and so the stock can also show profit booking after bull run .
TRADE ;
if markets trade red tommorow especially bank nifty then selling below 1060 IS POSSIBLE
target can be 20 ema .
INDUSIND BULLISH Indusind bank after so many months somehow managed to break a strong horizontal resistance trendline and gives a strong close above on it so we can say it is a strong breakout on weekly chart I am not using any indicator to confirm the breakout because price speaks very louder on its chart so we can see some bullish moves will come in coming sessions in this fundamental strong counter.