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IDUSB trade ideas

indusbkAh, the channel breakout—a bit like a stock market daredevil breaking free from its boundaries! 🚀📈 Let’s dive into this exciting concept: What’s a Channel? Imagine a stock’s price action moving within well-defined boundaries—like a surfer riding the waves between two parallel trendlines. The upper trendline connects the highs (resistance), and the lower trendline connects the lows (support). This channel can be ascending (tilting upward), descending (tilting downward), or horizontal (flat). Channel Breakout: When a stock’s price bursts through either the upper or lower trendline, it’s a breakout! Bullish Channel Breakout: If the price breaks above the upper trendline, bulls cheer—it’s a potential signal of an upward trend continuation. Bearish Channel Breakout: If the price breaks below the lower trendline, bears sharpen their claws—it suggests a potential downtrend continuation. Confirmation and Volume: Traders look for confirmation. A breakout isn’t official until the price convincingly closes outside the channel. Volume matters too! A breakout with increased volume adds weight to the move. It’s like the crowd cheering louder when the surfer catches the perfect wave. Targets and Stop-Loss: For a bullish breakout, measure the height of the channel (from upper to lower trendline) and project it upward from the breakout point. That’s your potential target. Place a stop-loss just below the breakout point. Safety net, my friend! False Breakouts: Sometimes the market plays tricks. A breakout might turn out to be a fakeout—a brief escape before the price retreats back into the channel. Tricky, right? But that’s why we wait for confirmation. Remember the Drama: Picture the channel as theater curtains. When they part, revealing a breakout, the audience holds its breath. Will it be a standing ovation or a plot twist? Only time will tell!
NSE:INDUSINDBKLong
by Faizgazi
INDUSINDBK Short? Disclaimer: This discussion is meant to be educational in nature and not a recommendation as I'm not a certified analyst. Why do I look at things beyond just the technicals? Because the market is smarter than just technicals. We must try to understand GOM moves (God of the Market) :) Fundas & News: (a) Nifty50 and BankNifty stock (meaning money flow into the stock is difficult to predict). (b) Recent major brokerages targets range from 1580 - 1750 (a Capital IQ poll puts the target range at 1400 - 2010). But the important point to note is that most brokerages have revised their targets Downward after not-so-great Q1 results. (c) Promoters hold 16.38% shares (actually have been reducing from 16.51% since 2022) and have pledged 45.48% of holding. Other insiders are revoking their pledges and selling. Retailers and FIIs have sold off about 10% shares since 2022 (which DIIs have bought) means reduced confidence in this bank. (d) Global cues are visibly negative. Technicals: H&S weekly pattern broke out above the neckline and achieved 440 pts target on 15 Jan 2024 at 1695 or nearly 1700. After that the moves were contained in a box in a range of 1420 - 1575. Since then the stock has managed to stay above 1360, and not broken weekly 100SMA at about 1340. But the 2nd chart shows 21VWMA (1478) crossing below 50SMA weekly (1486). Lastly, highest Calls are at 1500 (resistance) and highest Puts are at 1400 (support). My Conclusion: This is a SELL ON RISE stock until it breaks above 1500. CMP is 1405. Aggressive shorts are building up in futures. (Lot size 500). Wait for a bounce up to around 1422 (or 1-2% up move). Warning: This stock can be very volatile and has a tendency to move in big spurts. Targets in cash below 1400 -> 1360. If 1340 broken -> 1300. SL 1430
NSE:INDUSINDBKShort
by lokhandi
INDUSIND BANK 1HRINTRADAY / SWING TRADE - EARN WITH ME DAILY 10K-20K – INDUSIND BANK Looking good for Downside.. When it break level 1417 and sustain.. it will go Downside... SELL @ 1417 Target 1st 1408 2nd 1402 FNO INDUSIND BANK SEP FUT – LOT 7 (Qty-3500) INDUSIND BANK SEP 1460 PE – LOT 7 (Qty-3500) – PRICE (53.90) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:INDUSINDBKShort
by Prashant019
Testing falling wedge breakout—bullish reversal possible ✅ The stock has been trading within a falling wedge pattern, which is a bullish reversal formation. The recent price action suggests that the stock is attempting to break above the wedge's upper boundary, signaling potential for a reversal. ✅ The stock has bounced from the lower trendline of the wedge around ₹1,320 and is now moving towards the key resistance at ₹1,400. A breakout above this level would confirm the reversal and could lead to a significant upward move. ✅ The RSI is currently at 47 showing improving momentum. A break above 50 on the RSI would confirm a shift towards bullish sentiment, supporting the potential for a breakout from the wedge. ✅The bank has shown improving financial metrics, including higher net interest margins and better asset quality. This is likely to continue supporting the stock’s upward momentum. The banking sector in India is expected to benefit from rising demand for credit, with strong support from government initiatives aimed at boosting economic growth and digital banking.
NSE:INDUSINDBKLong
by Marketik
INDUSIND BANK (UNDERATED) As we can see from last 200 Trading session price is keep moving in a price range of rs 1680 on the upper end and 1300 on the lower as we can see on chart And finally BULLS has showing their strength and Good VOl candle a MARABOZUE candle has been formed and closed near the day high This bank is looking very Good in MID term to long term if u are looking for a swing trade u can easily capture 300 points easily in indusind bk with the stoploss around - 1300 if u can hold it for more 2 to 3 months the stock is looking very promising from my view (EVEN FIIS ) has a good stake in this stock For the next week this stock should be in your watchlist without any doubt because in this coming week company would be sharing its earing reports watch for this stock . Follow For more THANK YOU .
NSE:INDUSINDBKLong
by Faizgazi
Day 37: Day Trading JournalDay 37: After a gap of about 15 days during which I was not trading, and trying to figure out if I can find a better algo strategy or trying to find out if manual trading is better. Since the algo that I had deployed was doing good in paper trade but real trade is a way different battle since the market gives you the worst of price at both times - entry and exit, it resulted in a breakeven after a month, now I decided to focus on my manual trading instead. I realised that when trading manually, decision making is very complex and cannot be fit in a simple algorithm even when I am looking at just one indicator. The brain actually analyses many different things without even we realising. Most of the time, brain picks up correct entry signals. I tested out my strategy by paper trading and backtesting on different stocks than which I normally follow and I found that the strategy is good and I do good and I am profitable in that. The issue however arises when real money is involved as the most difficult part to master i.e. our emotions, are not involved in backtesting or paper trading. We need to trade live only for that and build that mindset. Nothing else can prepare me for that, so its all real trade for me now, very small positions but rigorously testing the same strategy on different stocks untill I have mastered the emotions.
NSE:INDUSINDBK
by Hiren1
Indus Ind Bank : 36.83% to 618.66% Upside Potential!!!Indus Ind Bank : 03 Jun 2024 "Life is Simple, So is Trading. Discover Simple, Yet Powerful Inv Ideas." In Play : HH : HL Summary • CMP : 1527.95 • 3rd Trendline touch, validating the strength of the TL • Nice consolidation for the past 6-7 years • Trading right above VP mountain to fuel the price to propel much higher Conclusion • CMP 1527.95 • Long position can be initiated • Higher Targets could be around o Short Term : 2136/2954 o Mid/Long Term : 4036/6349/11298 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:INDUSINDBKLong
by DhirajSinghBais
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