BuyBuy in dip around 980 and 950 with sl below 850 for target of 1170 and 1350
Disc : it's not an investment advice to buy or sell
IDUSB trade ideas
Indusind Bank - Rising ChannelIndusind Bank has been rising in a channel since last year. CAn consider this for short and long trades - Intraday. Any move beyond this channel will be sharp and decisive.
Indusindbk Made High Of 962 From 861INDUSINDBK MADE HIGH OF 962 FROM 861 (100 points Movement in 1 Day)
Breakout in INDUSIND bank.Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter.
There is a breakout generated in INDUSIND BANK on daily chart. levels as below.
1st Target :- 1100
2nd Target :- 1190
3rd Target :- 1300
Stoploss :- 970 on closing basis.
Target Done| 20% in 7 Days| IndusInd Bank—- Hit the like button if you liked the idea —-
Trade was given on 25th January’21
—- Trade is closed in profit on 2nd February’21 —-
Sold @ 1000
Bought @ 835
Lot Size = 300
Profit Booked = 49500 (20%)
Indusind Bank Positional ViewIndusind bank: Positional
Can Break Strong Resistance and V Recovery possibility
Sustaining 990 is crucial
Strong support at 950
INDUSIND BANK : ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
INDUSINDBK, GET READY TO RIDE THE WAVE965-980 has acted as strong resistance for INDUSINDBK in past. It has tested same level few week back and now gave closing at same level.
Above 975-980,this can move till 1000/1030/1040 in no time.
Thanks
Piyush Gupta
Learn & Earn
RISING CHANNEL IN INDUSINDBANK
Indusind bank takes the support at lower trend line and forms the Morning star pattern.
To confirm this reversal volume also increasing and Reversal takes place at 38.2% Fib level.
This is the high probability trade with RR ratio of 1 : 3.5
Place your SL below the swing low of 784 and place your 1st target 982 and 2nd target as 1075.
Before enter the trade do your own analysis and it follows your criteria, Give entry with strict SL. Because from Tomorrow Budget will be announce, we don't know how market reacts to it. Be cautious.
Thanks for watching,
Best regards.
Nithin :)
INDUSIND - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on 30M Chart of INDUSIND BANK. BUY strictly above 861 -> 870. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
IndusInd Bank on 🔥The stock was recommended to accumulate between 800-850 on 25th January’2021
And from that level the stock has already given approximately 15% returns in 5 days.
—- Smash the like button if you remember the recommendation —-
My Target is still 1000 so keep holding it guys; the stock is gonna earn you bumper money 🤑
INDUSINDBK Made High Of 950 From 860 (90 Point Movement)INDUSINDBK Made High Of 950 (POWER OF ANALYSIS)
