IDUSB trade ideas
Short#IndusIndBk looks weak with RSIStairs below 40. Stock trading near major neckline support once taken out can slowly head towards 813. TradersVenue score 4 Star bearish.
On verge of BIG Break Out or Break Down!Stock is making Higher Lows and Lower Highs on Monthly Time Frame. Candles are squeezing. Stock is ready to give big movement either side. Wait for Monthly Candle to close.
Indusind Bank Ascending Triangle BOAscending Triangle Breakout
Buy At Cmp - 1045.5
SL - 1025 (DCB)
Target - 1140
Question on Indusind BankStock had a good fall, Might move sideways to slightly positive but Eventually should test 960-950 zones.
Buy IndusInd Bank above 1026 (close)#INDUSINDBANK is in range from long time, if close above 1026, can go for Long position with SL 1000.
buy indusindbk long side buy at 1025
sl 1019.50
target 1035-1040
Strategy gapdown opening at support level
stock will go sideways to uptrend
if shorted pe also could give good profits
INDUSIND BANKI have provided you with the Trade Plan. Both Buy and Sell Side Movements Can be captured.
indusind support become resistance in equal timeframe50 days took to break red support
that support(red) became resistance (green)
50days to break that (green) resistance
IS IT TIME TO ENTER FRESH INTO INDUSIND BANKFrom a massive fall in February 2020 from 1340 to a low of 235 it has gradually moved up in the process making a Triangle Pattern and has been faithfully following the Support Trend line and has not troubled the Resistance Trend line much until now.It did make an unsuccessful attempt to break the resistance Trend line in Feb 2021 and immediately tested the Support Trend line.
This past week it has indeed broken the Upper Resistance Trend line but volumes are quite low with long upper wicks.There is another Very Long Term Resistance Trend line way back from 2018 around 1110-1120. This may act as a very strong resistance. So if it breaks above this range then we can go long.
So it would be prudent to wait till it breaks this Trend line for the following targets.
T1-1345
T2-1585
My View ON INDUSIND BANKIndusind bank should breakout above 1060-1061.Looking target 1080-1085-1100++.We will use TSL from 1045.
Indusind Bank - Keep a watch. On closing basis above Rs. 1051 Looking at RSI, MACD showing good positive momentum and stock has undergone consolidation, looks good for a short term / swing trade only if it closes above Rs. 1051 (Not intraday high). Moving average set up as well looking good. Please exercise your own wisdom / consult financial advisor before you make investment decision. This is just a view provided.
OUTLOOK ON INDUSINDStock- Indusind bank
Cmp - 1039
Resistance- (1060-1070)
#fundatechnoinvest
FUNDAMENTEL HIGHLIGHTS-
-Net Income of the bank increased 11.52% QoQ & 193.82% YoY
-PE Ratio is comparable to Industry leaders.
PB ratio is much less than other its peers, which makes it attractive for investment.
-CASA % decreased to 40.37 from 43.14, which is comparable to other banks as well.
Things to worry about🛑-
-Gross NPA & Net NPA % increased QoQ
-Net profit margin down to 9.78% from 15.34
Long term trend change ahead?
Share your views in comment.
@sumitsanghavi09
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IndusInd bank- Beautiful structure....No stopping this bank above 1080....stock to watch out for next few months.
