IDUSB trade ideas
Insudind bank Double bottom + DemandIndusind bank has came to it's strong demand zone and has bounced back.
It has made a Double bottom.
Swing failure can be seen.
MACD above signal line
RSI just below 50
Volume slightly above average
Buy above 870
Targets mentioned in the chart above
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INDUSINDBKINDUSINDBK
Indusind Bank
Daily Chart Outlook
Date:-26-01-2022
Day Chart,
Chart Respct Fibo 38.2% Level,
Making Engulfing Bar,
Making W Pattern.
1 HR Chart,
Price Respect Upper Tradeline.
The Chart is telling in upcoming days INDUSINDBK will Good Opportunity To Buy
This Post Is Only For Education Purpose
Before Investment Money, Kindly Talk With Financial Advisor First.
@indusind_bank
#bank #banknifty #indusindbank #technicalanalysis #chart #stockmarket #stockmarketindia #stockmarketinvesting
Big Support region at the base of the chart...INDUSIND BANK!!big green candle closing above the support then buy above the high and stop loss below the second low candle.
if waiting for the retest then too good.
if forming a red bearish candle below the support region then go for short.
follow the stop loss formula for both long/short situation/..... let's see where the market is going
MULTIPLE RESISTANCE ZONEOn the daily chart, the stock has witnessed sharp selloff from its “multiple resistance zone” of 970 levels
Rising volumes at breakout zone implies increased participation
On the weekly chart, the stock is in down trend forming a series of lower tops and bottoms
The stock is sustaining below its 20, 50 and 100 as well 200 Day SMA which reconfirms bearish sentiments ahead.
The daily and weekly strength indicator RSI is in bearish mode along with negative crossover which supports rising weakness.
The above analysis indicate a downside of 850-825 levels.
INDUSIND BANK(long)INDUSIND BANK
Indusind bank gave fresh breakout breaking the important neckline on 6th January. After that the stock showed the retracement till now for 3 to 4 days. It also tested 914 levels for so many days but wasn't able the break it. On 14th January it finally gave a doji with the support of 914 neckline. The stock is also following bullish trendline. Bull run expected in a day or two. Thank you for your precious time & showing interest. Wish you luck. Happy Trading.