IDUSB trade ideas
INDUSIND BANK ready for a ride?INDUSINDBK(INDUSIND BANK) has given breakout from the symmetrical pattern it has been forming for the last few months, and it has closed above the resistance level as well for the day. If it closes above 1070 levels, it might rally to further highs.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
IndusInd Bank Ltd. - Bulls are in.The price action pattern in NSE:INDUSINDBK is trying to attract the bull traders to join the move and push the price further higher.
NSE:INDUSINDBK has crafted a pennant or symmetrical triangle pattern that has given us a bullish breakout and ready to soar the price higher.
One may create a long position with a stop loss below 984.
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70 percent Expected Long Term View 1 to 2 years70 percent Expected Long Term View 1 to 2 years
Price not yet triggered.
Buy if the price crosses 1163
Stop Loss at 753
Target 2011
Long term view, so the target expected if for the time frame 1-2 years. I can be wrong as well, so this is not a trade recommendation.
Weekly Time Frame
Indusind Bank As in previous month already shared the view on indusind bank. Till date it is in tight consolidation zone which 970-1030 this the range in which it is trading from last couple of weeks. If it close above 1030 and sustain for sometime than 1070,1100 is target for the indusind. And technically moving average is bullish in and RSI is neutral which is 48.1. My view is, it’s in tight consolidation zone if it break it’s resistance which 1030-40 than coming levels are 1100,1150. Don’t take any trade without your own research.
Symmetrical Triangle in INDUSIND BANKWe can see a formation of a symmetrical triangle in the INDUSIND BANK 4 hours timeframe chart. This setup looks good to me, an entry above 1045 for targets of 1120 and 1240 with a stop loss of 962. Here the risk-reward ratio is 1:2.35 for the final target of 1240. Also, it is taking good support from the 200 EMA, which is a positive sign for the bullish movement.
We can see the final target within a time period of 1 to 2 months.
It is just my analysis, if you go long you should do your analysis before entering.
INDUSBANK hourly chart analysis and setupHello Traders👋
Today i have made a post on indusbank hourly timeframe
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses