IDUSB trade ideas
Indusind Bank bullish view Indusind bank buy above 960 target of 975 intraday and long target of 1050 ,1100
SellSell below 949 with stop loss 985.20 for target of 860 and 828.
Disc : it's not an investment advice to buy or sell
INDUSIND BANK Levels for AprilIndusind bank respected the trend line on 25 March,
If it gives a closing below ₹928 short it for further target of 860 which will act as a strong support.
Wait till it breaks the structure as shown above, and short when it breaks the trend line.
Ph 6006840151
bulling indusindBank buy ABOVE 995 sustaining
Targets - 1050-1100-1150
REASON -
1. trendline support
2. 50% fib retracement support
3. previous resistance acting as support
4. nifty seems bullish at 14300
5. moving in trend as shown in chart
NOTE : going to long if and only if market gose up
INDUSBANK IS 2ND BANKNIFTY TI LOVE IT! GRAB THE OPPORTUNITYhttpsNO NEED TO SAY ANYTHING
WE CAN CLEARLY SEE H&S PATTERN
ALSO IF YOU ZOOM OUT 1D CHART YOU CAN SEE BEARISH FLAG
-SHIVAM MISHR
MGB
INDUSIND BANK Trading SetupNear support level which was previous resistance. Can expect a bounce from here.
#Indusindbk cash: Looks good above 1000.10#Indusindbk cash
23.03.2021
Looks good above 1000.10
& dips 994-995
stoploss 988
Tgt 1008-1010/1018-1020
(Risk free above 1020 for 1056-1060)
Cmp 990.90
indusind buyBuy from 956 to 945
tg 975/1000
Disclaimer : This is my personal analysis for study purpose not intended for trading
Indusindbk demand & supply zoneNear 828-800 stock have strong demand zone
Reason
-> weekly and monthly demand zone are also near by
Nearest zone is near price range 982-950
All zone are untouched.
IndusInd Bank Took SupportThe stock took support near the middle support line and if sustains above Friday's high then it may go towards the next resistance lines or if it breaks the low then the lower white line may be tested.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
How the market reacting to INDUSINDBKcurrent formation of the patters shows a good disagreement in price between agrresive buys and the profit taking sellers. such type of disagreement result into a bearish nature of security in long terms and will follow the same for this security as well.
let's see how long the agrressive buyers are able to push this stock.
Swing Trade in IndusInd BankFor Educational Purpose only.
Go Long above 1018.9 for targets 1050.85, 1082.8 with SL 987
Reasons :
1. When we draw Fibonacci retracement from the recent lowest swing (Point A) to the recent highest swing we see that the stock is trading at 0.382 Fibonacci level.
2. Also it has made a bullish candlestick pattern (Bullish Engulfing) at 0.382 Fibonacci level marked with a blue circle.
3. There is also a demand/supply zone marked with a purple rectangle. Initially, it was facing resistance in this zone. Now this resistance will act as support and stock is trading around this zone.
4. Trail Sl for the second target as there is resistance around target 1.
longvolume decreasing on weekly basis with narrow spread indicates accumulation
Ready to breakout
Target - immediate 1085
