IDUSB trade ideas
INDUSIND - LONGOnce the NSE:INDUSINDBK closes over the 1205 level, it will prepare to accelerate.
The breakout of a multi-year trendline adds to the conviction.
This idea is not suitable for F&O traders as Indusind bank being a high volatile stock.
Entry if the price closes above 1205; SL if the price closes below the Trendline.
O nly for the purpose of education. This is not a suggestion for a trade.
Indusind bank long.Althought nifty bank is in the negative horizon, indusind bank is looking good to fire. With the support of strong results which beats the market estimates .Have 2 targets to be achieved in the short and long term .Trail stoploss as it suits your needs. If any doubts you can ping me anytime.
INDUSIND BANK TRADE PLAN: 28 OCT 21 ONWARDSLevels as mentioned on the chart with probable Price Action to follow.......
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
Simple Trade Setup | INDUSINDBK | 27-10-2021 [INTRADAY]NSE:INDUSINDBK
I am posting this on request from a follower on Twitter.
Observations:
1) On 1 Day time frame, It failed to manage above 1200 level and then it is facing profit booking.
A bit negative thing is that it closed below 21DMA which is placed as 1164.97 level.
So we can consider that 1165-1170 will work as resistance zone.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 27-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
INDUSIND BANK Hello Traders, This is the chart of IndusInd Bank on a daily time frame. The chart shows that after a strong consolidation , IndusInd Bank gave a big breakout. Now, after some correction, it is again going to show a good upside momentum. Buy price - 1220 . 1st Tgt that can be spotted here easily is 1250. Thank. ( Comment your opinion)
INDUSIND BANK TRADE PLAN: 18 OCT 21 ONWARDSLevels as mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind