POSITIONAL BUY INDIAN BANK LTP-46.35........POSITIONAL BUY
INDIAN BANK LTP-46.35
BUYING RANGE 47 TO 40
UP SIDE TGT IS 250+++
INDIANB trade ideas
INDIAN BANK breakthru from trendline confirmedConfirmation comes with good volumes as well.
NSE:INDIANB
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INDIAN BANK - SYMMETRICAL TRIANGLE (BILATERAL)CAN GO UP OR DOWN.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I AM not your financial advisor. Risk it for the biscuit.
Party begins in Banks // Swing Call // 31st Aug 2020NSE:INDIANB
CMP / LTP: 68.8
IDEAL BUYING RANGE*: 66-70
TARGET: 82.5(20% Around)
STOP LOSS: 61.9 (10-12% Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-
5%range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Disclosure: I may or may not have a position in this trade.
CPR Analysis of IndianBIf Price touches the Upper CPR and forms a candle above it then there is a possibility of at least 2 points movement. If you buy 1000 Qty then it may give you 2000 Rs tomorrow i.e. on 03.07.2020. But in case the price fall below lower CPR by one candle then it may give you a downwards move so you can short the same.
high probability of good returnssee the weekly volumes.
very good chances of rise.
use good hedging else stop loss
Indian Bank- Small breakoutPrice action suggests that it has given a small breakout with RSI Divergence.
Buying can be done on dips till 101, with SL 97.
Target zone can be 108-110.
Disclaimer: Ideas for educational purpose. Hit thumbs up if you like.
INDIAN BANK ANALYSISFORMED A FALLING WEDGE PATTERN AND AS STOCK IS IN DOWNTREND IT MUST BREAK LOWER LINE ON CLOSING BASIS TARGET FOR SHORT GIVEN AFTER CANDLE CLOSES BELOW LOWER LINE UPPER LINE IS STOP LOSS ON CLOSING BASIS ALSO STOCK MAY KEEP CONSOLIDATING BETWEEN TWO LINE SO WAIT FOR BREAKOUT OR BREAKDOWN ON CLOSING BASIS
NOTE: TRADE AT YOUR OWN RISK
INDIANB Short Setup [Intraday]NSE:INDIANB Short at 205.40 with SL 207.80 and TP at 200.50
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Indian Bank is Going To Finish its Bearish Trend Soon. . . #WXYEverything is described in the chart, have a look and keep learning.
INDIANBANK - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of INDIANBANK. BUY 230-231.5, SL 223.9, Target(s) - 238.5, 241. POSITIONAL
