IDUSB trade ideas
INDUSAND BANK TARGET 1606 STOPLOSS 1233 Script good consolidation and accumulation in last two weeks in the support of 1324.In the uptrend long term monthly chart near to support trendline and consolidation may happen upto this month end. Next month will raise from this support and possible to reach the short term target of 1606. Stop loss 1233
Stock in Downtrend: IndusInd BankIndusInd Bank is trading near the important support level of 1348.
RSI is just over 30
20 EMA is just falling below 50 EMA, indicating a weakness in the stock price.
If the current support level of 1348 levels is broken on the weekly chart, we can expect a further fall in the price.
Next Support levels: 1287, 1246, 1183
INDUSIND BANK IS READY TO PARTICIPATE WITH BANK NIFTYIndusind bank is showing strong bullish hints
After next week rally will start
Already made 4th wave correction
Next implement will be trending by wave nature
This is for only educational purposes.
*Trade with your own risk to reward.
*Consult you financial advisor before taking any trades.
For IndusInd Bank Limited (INDUSINDBK), Support & Resistance For IndusInd Bank Limited (INDUSINDBK), here are the current support and resistance levels:
Support Levels:
First Support (S1): ₹1424
Second Support (S2): ₹1400
Resistance Levels:
First Resistance (R1): ₹1447.75
Second Resistance (R2): ₹1463.57
IndusInd Bank Limited (INDUSINDBK) on the daily (1D) timeframe"Welcome to SkyTradingZone "
Hello Everyone 👋
For IndusInd Bank Limited (INDUSINDBK) on the daily (1D) timeframe, here are the key support and resistance levels to watch:
Support Levels:
₹1,450 (strong support)
₹1,420 (medium support)
₹1,390 (minor support)
Resistance Levels:
₹1,500 (strong resistance)
₹1,530 (next resistance level)
The current level of IndusInd Bank (INDUSINDBK) The current level of IndusInd Bank (INDUSINDBK) is:
1,964.00
Please note that stock prices are highly volatile
and can fluctuate rapidly.
This level may have changed by the time you read this.
If you'd like to know the current level,
I can update it for you.
INDUSINDBK Technical Analysis:
Support and Resistance Levels
Short-term (4-hour) Analysis:
Support Levels:
1,940.00 (Strong Support)
1,920.00 (Mild Support)
Resistance Levels:
1,980.00 (Mild Resistance)
2,020.00 (Strong Resistance)
INDUSINDBK - Cup and Handle breakout - DailyName - INDUSINDBK
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Avg
Cmp - 1464
Can test - 1570
SL - 1450
Q1 FY 2023-24 Key Highlights Consolidated financial results
o Net Interest Income (NII) grew by 18% YoY to ₹4,867 crores from ₹4,125 crores
o NIM improved to 4.29% as at Q1 FY24 as compared to 4.21% as at Q1 FY23 and 4.28% as at Q4 FY23
o Quarterly Net Profit grew by 30% YoY to ₹2,124 crores from ₹1,631 crores
o Deposits grew by 15% YoY to ₹3,47,047 crores from ₹3,02,719 crores
o Gross NPA and Net NPA ratios improved to 1.94% and 0.58% from 2.35% and 0.67% YoY respectively
and PCR at 71% as at June 30, 2023
o CRAR as on June 30, 2023 at 18.40% as compared to 18.14% on June 30, 2022
Always welcome for any comments with your feedback or give it a like if you find it useful.
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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
indusbkAh, the channel breakout—a bit like a stock market daredevil breaking free from its boundaries! 🚀📈
Let’s dive into this exciting concept:
What’s a Channel?
Imagine a stock’s price action moving within well-defined boundaries—like a surfer riding the waves between two parallel trendlines.
The upper trendline connects the highs (resistance), and the lower trendline connects the lows (support).
This channel can be ascending (tilting upward), descending (tilting downward), or horizontal (flat).
Channel Breakout:
When a stock’s price bursts through either the upper or lower trendline, it’s a breakout!
Bullish Channel Breakout: If the price breaks above the upper trendline, bulls cheer—it’s a potential signal of an upward trend continuation.
Bearish Channel Breakout: If the price breaks below the lower trendline, bears sharpen their claws—it suggests a potential downtrend continuation.
Confirmation and Volume:
Traders look for confirmation. A breakout isn’t official until the price convincingly closes outside the channel.
Volume matters too! A breakout with increased volume adds weight to the move. It’s like the crowd cheering louder when the surfer catches the perfect wave.
Targets and Stop-Loss:
For a bullish breakout, measure the height of the channel (from upper to lower trendline) and project it upward from the breakout point. That’s your potential target.
Place a stop-loss just below the breakout point. Safety net, my friend!
False Breakouts:
Sometimes the market plays tricks. A breakout might turn out to be a fakeout—a brief escape before the price retreats back into the channel.
Tricky, right? But that’s why we wait for confirmation.
Remember the Drama:
Picture the channel as theater curtains. When they part, revealing a breakout, the audience holds its breath.
Will it be a standing ovation or a plot twist? Only time will tell!
INDUSINDBK Short?
Disclaimer: This discussion is meant to be educational in nature and not a recommendation as I'm not a certified analyst.
Why do I look at things beyond just the technicals? Because the market is smarter than just technicals. We must try to understand GOM moves (God of the Market) :)
Fundas & News: (a) Nifty50 and BankNifty stock (meaning money flow into the stock is difficult to predict). (b) Recent major brokerages targets range from 1580 - 1750 (a Capital IQ poll puts the target range at 1400 - 2010). But the important point to note is that most brokerages have revised their targets Downward after not-so-great Q1 results. (c) Promoters hold 16.38% shares (actually have been reducing from 16.51% since 2022) and have pledged 45.48% of holding. Other insiders are revoking their pledges and selling. Retailers and FIIs have sold off about 10% shares since 2022 (which DIIs have bought) means reduced confidence in this bank. (d) Global cues are visibly negative.
Technicals: H&S weekly pattern broke out above the neckline and achieved 440 pts target on 15 Jan 2024 at 1695 or nearly 1700. After that the moves were contained in a box in a range of 1420 - 1575. Since then the stock has managed to stay above 1360, and not broken weekly 100SMA at about 1340. But the 2nd chart shows 21VWMA (1478) crossing below 50SMA weekly (1486). Lastly, highest Calls are at 1500 (resistance) and highest Puts are at 1400 (support).
My Conclusion: This is a SELL ON RISE stock until it breaks above 1500. CMP is 1405.
Aggressive shorts are building up in futures. (Lot size 500). Wait for a bounce up to around 1422 (or 1-2% up move).
Warning: This stock can be very volatile and has a tendency to move in big spurts.
Targets in cash below 1400 -> 1360. If 1340 broken -> 1300. SL 1430
INDUSIND BANK 1HRINTRADAY / SWING TRADE
- EARN WITH ME DAILY 10K-20K –
INDUSIND BANK Looking good for Downside..
When it break level 1417 and sustain.. it will go Downside...
SELL @ 1417
Target
1st 1408
2nd 1402
FNO
INDUSIND BANK SEP FUT – LOT 7 (Qty-3500)
INDUSIND BANK SEP 1460 PE – LOT 7 (Qty-3500) – PRICE (53.90)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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IndusInd Bank: Posting it for Learning/Educational onlyFormation of Bullish WW pattern. Showing good strength to go upside.
Showing as good RR of 1 :5.4
Having multiple 1st,2nd and 3rd Targets upside one by one as mentioned on chart ...
Need Patience :-)
Keep stict SL on daily closing basis.
Again sharing this just for learning and educational purpose only and not for trading.