IDUSB trade ideas
IndusInd Bank Looks Promising for Swing TradingIndusInd bank has been corrected till it’s major support area and near 200 EMA. Volume also on the short side has been decreased. Can add IndusInd Bank here at CMP 1040 for long term.
Add more if it comes near 1000.
SL 952.
Target 1200++
RR 1:1
Not a trade advice, Just for Education.
Before entry please check and consult with your registered advisor.
IndusInd Bank Swing Trade- High Probability SteupThis weekly chart Analysis for INDUSIND Bank.
950-980 is strong Demand zones, which can be seen on chart.
Risk Reward is very attractive >1.5 . The numbers of profit and probable loss are calculated with investment of 10000 INR only.
On weekly chart Trend line is broken downwards But as I said it near to 200 MA support on daily chart and close to demand zone, so High chances are there Price will be pushed higher from here
Pls comment if you have any additional observations
IndusInd Bank Swing Trade- High Probability SteupIndusInd Bank was in correction mode last whole week. Now price trading around 200 MA on Daily chart.
This could be potential reversal point for short term trend.
So CMP 1037 Suggesting to take long position with SL of 937
target could be 1150-1200 in next 2-4 weeks.
* Money is made at Market reversals
Indus Ind Bank bullish swingIndus ind bank has broken out of its long term resistance and has formed a bullish pattern
Waiting for a pullback to buy around 1080 levels
If i dont get the pullback ill buy around current levels and keep averaging at any dips
Will be expecting targets of more than 50%
Buy at 1080-1115
Stop loss below 950
Targets - 1400-1600-1800-2000
RR looks comfortable for this mighty swing
NSE:INDUSINDBK
[Positional] Indusind Buy Idea - Catching the Falling knifes3.tradingview.com It took support.
But tilt support is broken today. s3.tradingview.com
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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