IDUSB trade ideas
INDUSIND BANKHello and welcome to this analysis
Among all large private banks, this one has been an underperformer since October 2021.
In the weekly time frame, Indusind Bank is completing the counter-trend leg of an Ichimoku Y wave.
Ichimoku Y Wave formations are formed in triangle/diagonal formations.
For further upside, it needs to start closing above 1100 on daily basis. Else below 1050, it could resume the downtrend that it started in October 2021.
For the short term, it has support at 1025/975/900
On the other hand, if it manages to sustain above 1100 it would head towards 1150 (minor resistance) and above that 1250
INDUSIND A GEM BY INFINITYIVHello everyone this chart technically measured and filtered by team INFINITYIV…
WHAT ARE THE POSSIBILITIES.
1. Seems over bullish.
2. Day, weekly band blast near on monthly band.
3. Too close to 200 SMA.
4. Trading above pivot.
5. Marginal SL.
6. Go long with SL 1000.
7. Target 1191 with in 4 weeks.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If agreed with the chart please discuss with SEBI registered advisor b4 any position.
3. We can only provide you correct direction and accurate levels.
4. Hit like, it’s not highly decorated but accuracy.
5. Chart will prove it self after few week.
THANX HAVE PROFITABLE TRADING EXPERIENCE.
Indusind bank bullishIndusind bank is now in uptrend and making higher high and higher lows.
In daily chart price is above 50 EMA and broken trendline resistance with good intesnsity of volume.
On 13th July there were red candle with very high volume. Today red candle'S high gone.
Price is challenging bollinger band on upside.
weekly macd uptick
Daily macd uptick and positive crossover stat.
Weekly RSI is above 40.
Daily RSI is in momentum
Daily stochastic have given positive crossover.
Indusind Bank What to do next ?NSE: INDUSINDBK
Time Frame :- 1 Day
Patterns Name :- Parallel Channel
Conclusion :-
A Big Red Marubozu candle taking up resistance at the top of a parallel channel which most probably shows up a down trend as this is a weak share too show here are two breakout which show the one scenario that could be done and here we have told about the marubozu candle who dont know
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Based on Your Own Risk this is only to Show you the Current Pattern
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buy signal in Indusind bankbuy trade in Indusind bank for 1:2 risk reward... since there was a downfall after which price started to rise again from line....this trade is good in terms of high risk and reward...even if we loose in this trade...we will only loose 2nd part of what we will gain ..if we gain from this trade
LONG ON INDUSIN BANKNSE:INDUSINDBK
It is swing trade if it gives pullback.
There are 2 target the first one is of 840 and other is of 940 .
There is very less chance that is will break downside .
Company quarterly result is also near 13 July which can major factor in this trade .
Also on a daily time frame a dojji is formed which can be seen a sing of reversal .
This is education purpose .