IDUSB trade ideas
Indusind Bankscript was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks.
Enter accordingly near 1010-1015
Tgt for 1130/1185
SL of 950
Though with high volatility in markets now-a-days, and where many breakouts failed frequently and miserably. We should control the position size in such breakouts according to current market structure.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Indusind Bank looks goodChart -> Indusind Bank Daily
After giving a good quarterly result, Indusind Bank has breakout resistance area with a volume spike. Also after more than 5 months, it has closed above 200 DMA which shows strength.
CMP: 1018
Target: 1130
SL: 958
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Buy Today, Sell Tomorrow: INDUSINDBKDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in INDUSINDBK
Buy Today, Sell Tomorrow: INDUSINDBK
IndusInd bank near a crucial support levelIndusind bank has been consolidating in a narrow range and the two moving averages are converging near the closing price,
On weekly time frame, the stock is taking support from the 20 ema and a doji is formed.
support :- 960,945, 900
Resistance :- 995, 1046, 1100
Here, moving averages crossover, price action and volume analysis can be used to confirm the trade.
On hourly time frame, if the price trade below its 200 ema, a nice opporunity to short will be confirmed as a support level and moving average support will be broken.
Indusind Bank Ichimoku Breakout Stock Name - Indusind Bank. NSE:INDUSINDBK is in narrow range.
If it's sustain above 1000 then More strength will be visible. Worth to keep in watch list for coming days.
#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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# Ichimoku Cloud
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INDUSIND BANK - POSITIONAL INDUSIND BANK -- WEEKLY CHART .
1. Trendline Breakout seen on weekly chart with strong bullish weekly candle
2. Double bottom support seen on chart before breakout
3. stock currently trading at 985 , at 995 level short term resistance above 1000 bullish .
4. wait for bullish crossover at 0 line likely happn soon above 1000 level
5 RSI Daily at above 60 strong bullish
6. MACD above signal and center line
BUY INDUSIND BANK above 1000
TARGET 1100-1250
STOP LOSS 790
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk ** comment for or agianst idea welcome
** HAPPY TRADING !