INDUSINDBK Ready for Next 100-200 Point MoveINDUSINDBK has broken out of the descending triangle with volume. The stock is ready to touch and probably breach 1115 and go toward 1200.
IDUSB trade ideas
Indusbank Good to Buyif it would be sustain above 1016 level, then will see 1100 level soon. buy after 15 min candle will cross above 1019.95
My view are
1. Heavy volume was seen in last day, and it breaks the resistance level of 1016.
2. It came to previous buy zone which was act as a strong support in the month of march.
My Target
1. Short Term Target- 1060.25, SL- below the level of 1016
2. Long Term Target - above 1110
INDUSIND BANK- BULLISHGOOD BUYING SEEN IN INDUSIND BANK TODAY. RSI BULLISH. THE TREND LINE SHOWN IS THE RESISTANCE LINE IN THE WEEKLY TIME FRAME. IF IT OPENS SOMEWHERE NEAR 1020 THE MOMENTUM CAN CONTINUE YOU CAN LOOK FOR BUYING OPPORTUNITIES. THE FIRST TARGET WILL BE 1085. ONCE IT CROSSES 1100 LEVELS WITH MOMENTUM 1195 LEVELS CAN BE ACHIEVED EASILY. REWARD TO RISK RATIO ALSO FAVOURABLE. MAINTAIN A STOP LOSS OF 985.
INDUSINDBK: LONG SIDEIndusInd Bank formed an advance Flag Limit Power Pattern in daily chart today on 21.05.2021. A good Demand Zone in Price Action.
Long idea for short term, at 975.50 with a SL @956.45 (Risk is 19.05 Rs 2%) for a Target-1 of 1032.65
Target-2 1051.70 & Target-3 1070.75
Do not trade blindly, do your own analysis and took position. The idea is for information only.
Trade safe and be safe.
Thanks
IndusbankBuy above 980 with the stop loss of 974. Targets are 986, 992 and 998.
Sell below 968 with the stop loss of 974 Targets are 962, 956 and 950.
IndusInd Bank is near its fresh FTR Supply ZoneIndusindbk is arriving to its FTR Supply Zone and the zone is fresh, so look for shorting opportunity in that zone when price arrive.
The entry level is 994.30 with a Stop at 997. If it works then minimum 1:3 RR will produce.
BUY INDUSIND BANKindusind bank has crossed its resistance level at 970 (ascending triangle breakout) and also it is sustaining abv the same level. we may see 1060 in coming days. view negated below 950
Symmetrical triangle formed. Indusindbank is looking great for tomorrow.
After range break, we can see some good movement in either side.
short trade_IndusindbankShort trade possibility in IndusInd bank- short in range of 900-920 with Stop of 950 with possible target of 850 & 800
INDUSIND SHORT NSE:INDUSINDBK
it is consolidating for a good amount of time one can go short on an intraday basis tomorrow with risk to reward of 1:2.
Idea-once the zone marked in black is broken one can go short
bank nifty as well as global sentiments are weak hence we can see a good move on the downside
DISCLAIMER-I AM NOT A REGISTERED BROKER DO AT YOUR OWN RISK
PLS DO LIKE THE ANALYSIS! :)
indusind in consolidationone can take entry after reversal of sell trend at the yellow support line.
keep eye on IndusInd Bank Tread Above 960my observation on IndusInd bank mostly weekly expiry 2-3% up move
