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IndusindBank

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IDUSB trade ideas

Indusind Bank- Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach). INVESTMENT STRATEGY: Buy on CMP 1448 , keeping SL of 1398 look for the target of 1500/1550 in the coming days
NSE:INDUSINDBK
by TradingSutra
"INDUSINDBK: A Chart to Watch for Potential Breakout" "INDUSINDBK: A Chart to Watch for Potential Breakout" Description: 🚀 INDUSINDBK: A Chart Worth Exploring! 📈 Prepare for an intriguing trading opportunity as INDUSINDBK catches our attention with its chart dynamics. Let's dive into the details: Key Points: 📊 Interesting Chart: INDUSINDBK's chart is showing exciting potential, making it a captivating candidate for traders. 📈 Trading on Breakout Zone: The stock is currently trading in a breakout zone, hinting at the possibility of a significant price move in the near future. 🔝 Near Resistance: INDUSINDBK is very close to a resistance level, a critical point that could lead to a breakout if breached. 🚀 Recent Small Rally: We've witnessed a small rally in the recent past, indicating the stock's ability to gain momentum. 🕒 Time Correction: After the rally, the stock has undergone a time correction, potentially setting the stage for the next upward move. 💰 Favorable Risk to Reward: This trade offers an attractive risk-to-reward ratio, allowing you to aim for higher rewards while managing risk effectively. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 1440.00, positioning yourself for potential gains as the stock seeks to break out. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 1335.00. This level acts as a safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1700.00, reflecting a substantial potential upside. This is where you may consider taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 1440.00 and a stop loss at Rs 1335.00, the risk-to-reward ratio for this trade is approximately 1:1.48. For every unit of risk, there's a potential reward of 1.48 units. 🚀 Trade Strategy: Stay vigilant as INDUSINDBK approaches the resistance zone. Be ready to act swiftly when the breakout occurs, and remember to adjust your stop loss to secure your gains. This trade idea offers a comprehensive plan with a calculated risk-to-reward assessment. Watch INDUSINDBK closely as it teases a potential breakout. Happy trading! (Note: Always perform your own research and evaluate your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:INDUSINDBKLong
by We_Learn_Investing
IndusInd Bank forming Flag and Pole pattern.Indusind Bank is consolidating in a range after a good rally forming a flag and pole pattern on the weekly charts. The stock has formed a dragon fly doji and is trading in 5% range for last 40 days which predicts that there will be a nice break out or break down. It has been trading around the 20 ema on the daily charts and in the last session given a 2% bullish move closing above the moving average. The stock is holding the recent high and is consolidating around it while the other banking stocks have given a retracement after forming new recent highs. Previously, the stock has given a nice rally of 13% after the break out. The stock looks in the bullish mode, if the stock gives a break out, cash positions can be carried and hedged future call of current expiry can be carried. Target :- 1550, 1665 Entry :- After the break out of 1440 levels. Stop loss :- Close below the previous hourly consolidation. Watch for the weekly close above the consolidation zone and if the stock gives a close above it in the daily chart, position can be entered with a small Stop loss. Wait for the price action near the levels before entering the market.
NSE:INDUSINDBK
by Mambotrade