IDUSB trade ideas
Golden OpportunityThis share is reaching an important resistance level both on 15 min chart and 1 hr chart.
Good shorting opportunity.
#Indusindbk cash : Looks good above 1024.10#Indusindbk cash -Positional call
06.06.2021
Looks good above 1024.10
Stoploss 1010
stoploss 1037-1040/1060
Cmp 1009.30
ON 3 YEAR RESISTANCE TRENDLINE INDUSIND BANK IS NEARBY 3 YEAR RESISTANCE TRENDLINE BREAKING WICH LEADS TO MASSIVE UPMOVE INITIAL TARGET WILL BE 1100 FOLLOWED BY 1180 WITHIN FEW WEEKS
Possible Breakout in IndusIndBankAfter the close of today's session (31/05/2021), Multiple bank scrips in NIFTY seems to be hovering around a defined resistance zone.
IndusIndBank seems to be one of them.
Notes:
- High Beta Stock (one of my personal favorites to trade on a trending day)
- Consolidation right below a defined resistance zone (1017-1025) . Tested the range twice in the last 7 days.
- Kinda Risky since a clear target is not visible above the zone intraday (at least to me. Feel free to put out your targets. Everyone's here to learn ;) ).
- Ideal case, around 2% upmove from above the zone to hit 1050 levels. (Ambitious yes. But Could be a great day for banks judging by the setups of the other banks in which case a high beta stock such as this could hit our targets).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
HEY ITS A DOUBLE TOP Look @ the patternhi everyone in this chart pattern u can see
double top and in the weekly cart there is cup and handle .Wait till it will touch resistance then then u wait uptrend or down trend.
INDUSINDBK looking bullishI am using Heikin Ashi candles, normal candles look different compared to it. All the levels are mentioned in the chat. Also see the market sentiment before taking position and enter the stock with your own risk management. It was my trading plan on this stock.
Retesting of Support - Positional TradeThe banking sector is going to be in the limelight for the coming seasons. We can expect Bank Nifty to touch all-time high soon. IndusInd Bank could be a good pick. One can enter with long-term perspective on a wide bullish candle supported with strong volumes.
INDUSIND BANK - Broadening pattern | Target - 1300 🔰 MY thought process :
⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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INDUSAND BANK 15 MIN CHART TRANGLE PATTERN TRADE SETUP 28 MAYINDUSAND BANK 15 MIN CHART TRANGLE PATTERN TRADE SETUP ANALYSED ON 28 MAY
Symmetric triangle in Weekly, Daily .....Buy above 1020Formed a symmetric triangle in Weekly, Daily. Go long if it crosses and sustains above 1020 for a target of 1045, 1117,
Indusind Bank - Potential Bullish ScenarioThe price broke out of the downtrend line with high volume and rallied to change the market structure. The RSI moved to 70+ region, and therefore it may cool down a bit before moving up again. This will give a retest of the previous high, 950-960 region. Long positions can be opened on this retest. The target which I am looking at is 1084.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
