IDUSB trade ideas
Chart of the Week 18/9/21. IndusInd BankThe stock is on the verge to give cup and handle breakout on weekly charts . After taking multiple resistance at 1130, the stock is once again ready to give a breakout on weekly charts. Since the stock has not given a clear breakout one can buy 40% at CMP and accumulate 30%, 30% on each dip upto 1050 - 1000. Even after breakout, stock will test its previous resistance therefore one can buy the stock on given levels.
Targets - 1600, 1800, 2000 Weekly
SL - 980 Weekly
View - Medium to Long term
Time - 1 year plus
good bullish structure for long-term pick!indusindbk : 981
trade set up:
1. buy above 1062
2. keep stop loss as 908 on closing basis
3. short term targets 1130/1366/
long term targets 1598/1783/2000+
technical buy setup :
1. symmetrical triangle pattern
2. trendline
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher lows .volumes are significantly high on bullish monthly candles and below average or dry during selling . recent results ( Q ON Q ) also good enough to pick for long term .
Indusind Bank - SIP modeIndusind Bank -
Nice accumulation taking place in 970-1060 price band. Looks like a good time to accumulate on SIP basis.
Once the share crosses 1060, we can target for 1100/1180.
Bulk buying should be avoided till 1160 level is breached on daily closing.
Shorting 1100 CE if you have adequate holdings is also advisable, however do this only if you have experience with covered calls.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
🏟 Indusind bank 🎯NSE:INDUSINDBK
Indusind bank limited share has just given breakout on weekly time frame sl can be below black line for long term positional.
it has given breakout after good consolidation, that is the plus point for this breakout.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Trade what you seeViews posted on the chart.
1. Distance travelled by the price from "a" to "b" is the target i.e in this case 100.00 +
2. After the price breaks the upper trend line this target will come in force
3. High risk players would have entered at " e".
4. Expect price to consolidation at or around the upper trend line; Thanks to the high risk player,
who will be booking part profits at / around this line.
5. Trade in accordance and strict SL at lower trend line for this pattern .
6. Price action has to breakout the trend lines before October end if not the pattern is invalidated.
7. Multiple trade opportunity for short term traders now that the pattern is place and yet to breakout.
INDUSINDBK Ready To BlastINDUSINDBK is trading at a crucial point. There is a chance of multi year trend reversal , if the weekly trendline is taken out. Then stock will start its uptrend.
The stock has been trading in a very tight range since few months. And now its coming out of the range.
The Trendline support has been pushing it up.
Buy- Above 1000
Sl-950
Target - 1428 and More