INDBANK | Good for 20%+ profit ??NSE:INDBANK
Cmp : 30.20
Entry : Cmp or Closing above 31
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
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Disclaimer:
Key stats
Market capitalization
977.652MINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
24.40
Basic EPS (TTM)
0.95INR
About INDBANK MERCH BANK
ISIN
INE841B01017
Sector
Finance
Industry
Investment Banks/Brokers
Website
indbankonline.com
Headquarters
Chennai
Employees
80
Founded
1989
Indbank Merchant Banking Services Ltd. engages in the provision of banking products and services. It provides merchant banking, stock broking, depository participant services, and allied activities. The company was founded on August 11, 1989 and is headquartered in Chennai, India.
2 AUG,2021 INDBANKYou can see a, symmetrical triangle formed, which is a bullish sign, if the candle breaks the resistance, one can enter the trade and now the question is, when to Exit? So you can exit near Rs35 to Rs37, Don't forget to place stop loss, @ Rs31.85. Depend how much you can risk.
NOTE: This is only for
INDBANK : Failling DivergenceFailling divergence in INDBANK. Was good for long position for a 1:1 R:R, but unfortunately I missed the trade. ☹️
However, 38.5 is the strong resistance and looking at the RSI probably it will retrace from there.
This is not a trade recommendation. I missed the trade but still sharing the view.
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
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