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INDIAN BANKINDIAN BANKINDIAN BANK

INDIAN BANK

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INDIANB trade ideas

Indian Bank: BOUNCING after HEALTHY Correction.Indian Bank: BOUNCING after HEALTHY Correction . HARMONIC : Bullish BAT In this juncture Technically & Fundamentally Good. Expect Good Result in this Quarter also. (as per report of various research house) LONG for Intraday TGT: @ 290.15, @ 292.15 - @ 293.60 (HZ) , @ 297.40 (Extended to @ 303.6) More Buy : @ 283.40 - @ 281.70 If you think this post enrich your knowledge and would help you in trading, Please don't forget to Hit / Click Like button. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
NSE:INDIANBLong
by DSKF16
3
Pause For IndianbankTargets : 320-305 Sell range : 351-359 Stoploss : 375 Duration : 3-4 weeks Rationale : The attached daily timeframe chart of this Public Sector-Bank participant (Indian Bank) is indicating a beginning of a sharp weakness in the stock price, which is trading within 6.0% of Two Year High of 365.0 touched on 16-May-17. The gradual upmove of the last 5-6 months seems to have completed, as the stock price has started to show weakness from the highs during this week. Initial evidence of a beginning of declines is visible, as the stock price has lost momentum near Upper channel line (2 standard deviation from the median line) and trying to reverse towards its median levels. Dark cloud cover Candlestick pattern was formed by Indian Bank on 17/05/2017 and is considered as bearish reversal pattern.The formation of bearish candle in the last trading session, further confirms this patterns reliability. However, in this process we also observed prices making higher highs while indicator (RSI) makinhg lower lows resulting into “Regular Bearish Divergence” which is signaling a pause for further upside of the stock. We believe the stock has the potential to move lower in the coming weeks as it attempts to test its mean levels near 320 . We therefore recommend a Sell at CMP and selling more on any rises. Our entry levels, along with stop loss and targets have been mentioned above.
NSE:INDIANBShort
by BHUMIT-ARQ
3
INDIANB: Bullish BAT.. PRZ: @ 209.4 (Modified with Prvious)In HARMONIC Pattern Bullish BAT in Progress. PRZ: @ 209.44 Presenting Combination of Heikin Ashi & Icimoku. Price entering in ICHIMOKU Cloud as Well as HEIKIN ASHI candle shows Trend reversal. ATR Nearer to 6 Months LOW, also Positive for Trend Change. Some important levels to watch: TGTs for Levels (Swing Trade): @ 265.30, @ 269.6, @ 272.70 TGTs for Levels (Short Term): @ 278, @ 280.70, @ 287.6, @ 297 Support: @ 254.40, @ 248.50. SL: Below @ 239 (By Closing)
NSE:INDIANBLong
by sankarghatak
Short for target 303... with sl 355As per Elliott and fibonacci it has proved 200 to 300 1st move.. 100 (AB)up move.. and get retracement from there exactly 50% which is Rs. 253 253 to 354.90 which was showing Fibonacci 1.618% up move which is achieved exactly 100 (CD) up move from 253 to 354 now we can see AB=CD which is 100Rs. Now Its time to retracement for 303 which showing support in past and fibonacci 50%. I am expecting 303 price in near future. Any kind of argue, suggestions, guidance most welcome.
NSE:INDIANBShort
by ashokakbari
2
INDIAN BANK: Bullish BAT in Progress.In HARMONIC Pattern Bullish BAT in Progress. PRZ: @ 209.44 Presenting Combination of Heikin Ashi & Icimoku. Price entering in ICHIMOKU Cloud as Well as HEIKIN ASHI candle shows Trend reversal. ATR Nearer to 6 Months LOW, also Positive for Trend Change. Some important levels to watch: TGTs for Levels (Swing Trade): @ 265.30, @ 269.6, @ 272.70 TGTs for Levels (Short Term): @ 278, @ 280.70, @ 287.6, @ 297 Support: @ 254.40, @ 248.50. SL: Below @ 239 (By Closing)
NSE:INDIANBLong
by sankarghatak
1
Indian BankIndian Bank is of the bright spots in PSU banking space. The stock have shown significant improvement in profitability and control of bad debt, richly rewarded by the stock market by market cap almost tripling in 6 months. I expect the stock to continue the dream run going ahead. Upcoming results will be the next set of results. Technically, 230 and 248 is a good resistance and support base is at 210, 198, 185. Disc: I hold investment position at various prices.
NSE:INDIANBLong
by atulastra