IDUSB trade ideas
Don't just rush... LIKE FOOLS to buy...Look out at levels to go LONG... 826,820, 816.. just a view better seek professional advice..
INDUSINDBK - BULLISH REVERSAL WITH MODERATE RISK OF 1 : 1 to 1.51) The stock got reversed from the neck line and formed morning star candlestick pattern in daily chart.
2) The target was reduced as the last wave not reached the channel top which is running since March 20.
3) Safe to enter the stock above 200 EMA & keep your SL tight.
Can buy for swing tradersIt’s took support from TRENDLINE with high volume with morning star in daily chart
Indusind bank chart for swing tradingThis is the trend line on 15 mins chart and support and resistance on 1 hour and 1 day chart for swing trading
INDUSINDBKNote: This is for educational purpose only.
INDUSINDBK has formed a double bottom and it is taking support at the trendline. BUY If it sustains above 810.
BUY ABOVE 810
STOPLOSS - 783
TARGET 1 - 838
TARGET 2 - 870
TARGET 3 - 890
IndusInd Bank Took Support at TrendLineStock took support near trendline and may go higher. Please refer to chart for levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
LONG INTRADAYIf sustains above 823.10 long for TGTS of 830-833-37-39 SL 820 ( ONLY IF SUSTAINS ABOVE 823.10)
JUST A VIEW BETTER SEEK PROFESSIONAL ADVICE..
Still Bullish on IndusInd Bank...I would not recommend to take a Sl until It gives a closing below 800-820; the market is just absorbing the negative aspects that could be announced in the budget.
The stock is near a very crucial support and I don’t see breaking it any time soon...
Be Fearful when others are Greedy and Greedy when others are Fearful
INDUSIND BANKINDUSIND BANK :: Short
INDUSIND BANK is looking bearish on chart and this trade is looking very attractive with good RRR
Follow my page and inbox me for the Entry/Target/SL
Disclaimer:
>>Do your own analysis or consult your financial advisor before taking any trade.
>>I may or may not initiate this trade.
>>Strictly for educational purpose only..
Target Achieved....Just Like I mentioned on 22nd jan; IndusInd Bank fell took its support @880 levels and then broke it as well.
But, now there is a good opportunity to buy IndusInd @ cmp for swing trading; as the R:R is very good.
Accumulate @ 850-860
Tgt @ 1000
Sl @ 820
Target is likely to be achieved within 7-10 days
Indusind bank - Intraday ViewIndusind bank: Intraday
Support breakdown view
Sell Below 881.5 with a SL 888
INDUSIND BANK Trading SetupCan short at the resistance and can trade till the next level of support.
Head & Shoulders @ IndusIndbnkIndusInd Bank can be shorted once it retest the neckline of the H&S pattern; the next support is @ 880.
Ignore or take a small SL if it breaks the neckline with high volume.
Disclaimer: Only for Educational purpose.
