IDUSB trade ideas
INDUS Down ?A decisive break below 932 , price might further move down to 923/910
SL : 944
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
INDUSIND bank's big opportunity to buy!!!Indusind bank is trading above all moving averages on the daily time frame(20,50,100) and also has given a superb breakout on the monthly chart. Anything trading above 1190 should trigger a buy with SL below 1080 and Targets of 1450 and 1580!! This is a 1:3.5 ratio!!
WEEKLY BREAKOUT IN INDUSIND BANK Large cap stock
We can see a good breakout in this stock in the weekly time frame and a good bullish move after the retest and the weekly candle closed with a good volume we can expect a further good move in the stock price as the company is giving its Highest ever profit and the stock CMP is 42% lower then its all time high.
Indusind Bank good luckmid swing ( mex 1 year)
Buy Abov 1190
sl 1085
tr 1 - 1350
tr 2 - 1580
tr 3- 1825
tr 4- 2021
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Thank you
Indusind Bank - Inverse Head & Shoulder PatternAn Inverted Head & Shoulder pattern can be seen in Indusind Bank on 15 Min candle chart with Neckline forming at 1180-1190.
A long position can be initiated if 15 min bullish candle gives closing above 1190. Target : N-A / All time High
Please let me know your suggestions as well.
Thanks & Regards
Hritik Kaushik
indusindNote:
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Morning star formation at the retest levelsIndusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago.
I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5
Kindly note that this is not a recommendation and only for educational purposes. Consult your financial advisor before investing.