IDUSB trade ideas
INDUSIND BANK -- INTRADAY SETUP -- 20/06/2022INDUSIND BANK -- INTRADAY 15 MIN CHART SETUP
1. Rounded bottom chart seen whare next pattern seen from downtrend to uptrend
2. Double bottom formation seen at rounded bottom support level which is bullish indicators as per this chart pattern
3. selling minimize as seen histogram
4. last candle is doji candle, for buy level confirm we well place buy above body of doji candle 810 and stop loss will placed bellow double bottom support level
5 . intraday support at 800, intraday resistance at 820 -825
6 currentl daily RSI at extream Oversold level pull back is possible from current level
7. HULL moving avg given positive indication at current level .
BUY INDUSIND BANK above 810
TARGET 815-820-825
STOP LOSS 795
** THIS IDEA IS FOR EDUCATIONAL PURPOSE -- trade at own risk !
HAPPY TRADING !!
IndusInd Bank LongIndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
Head and shoulders at INDUSINDBKBe Cautious #headandshoulders #pattern (trend reversal) at #INDUSINDBK (IndusInd Bank Ltd) weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
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INDUSINDBANKThis stock is forming head and shoulder pattern on weekly time frame, that can be a big bearish ahead. Right now we are at mid. Bollinger on daily chart, at 20DMA once its break and close below 20DMA then that would be a trigger point, Overall wave structure is also suggesting corrective structure ahead, after completion of impulse waves, we are in corrective phase as a zig-zag pattern as a A-B-C, possibly wave A and B are completed and right now we are in wave C of zig-zag, which can subdivide into 5 waves, if wave A and C are going to be equal then we can see 670 to 675, and on upper side nearest swing high and RK's stop line of weekly and daily would be a hurdles to watch out for, which are pegged at 1029, 950 and 925.
Overall wave structure on weekly chart
Reverse Divergence
Corrective wave structure
RK's Momentum sell signal activated
Mass psychological cloud and rk's stop line both in sell mode
Price at 20DMA, ready to break
Head and shoulder chart pattern in weekly, yet neckline to break
Macd in weekly already in negative mode
Macd in daily is down tick and converging towards south, that too below zero line
Rsi in weekly down tick below 50
Rsi in daily down tick below 50
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
IndusInd bank in a triangle on 15m TF.Friend's, 🤗This will be a best intraday stock for intraday players on 13-06-2022.As we can see that IndusInd bank is trading in a triangle.Our view is totally bullish on upside & because of this also gave closing their near trendline with very bullish signal Candle. This should be add in our watchlist for Monday. 🧐We Can buy this when price crosses 927 & substain above min 5-10 min with the accurate target🎯 of 937,947.All know that if this stock Starts to rise that no will have to dare to stop it's rally. Intraday players don't forget that and ready for big move. 🖐🖐🖐
INDUSIND BANK -- INTRADAY SETUP -- 02/06/2022INDUSIND BANK -- INTRADAY -- 02/06/2022
1. After lower channel bearish trend , stock has some consolidation 865 to 920 sub level , stock has breakout consolidation recently above 925 level
2, consolidation breakout retest again same level at that level doji trend reversal candle followed by bullish green candle form as last hour candle at closing basis
3. trend seems bullish as trendline support as well as channel support seen at same level 925-930
BUY INDUSIND BANK BETWEEN 925-930
TARGET 935-940-945
STOP LOSS 915
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING . !!
INDUSIND BANK: Head and Shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
IndusInd Bank Chart Analysis !!📈 Indusind Bank 📉
My Findings :-
1. Breakout from a resistance zone which was support earlier also with a strong candle.
2. Close above five months high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 1139 and 1229
SL- 930
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.