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...
INDIANB:299.00 is in a strong uptrend, currently it is getting oversold & trading near the channel bottom, may find support somewhere around 280 and by the end of July it can touch 400, STOP shall be set on completing the consolidation in an hourly chart may be 280.
(Just read it as you learning Journal/log)
Targets : 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...
POSITIONAL CALL
stock is in up trend
for the past 5 days stock is in sideways
trend might resume soon
one can look into the stock for positional trade/long term
one can enter this stock above yesterday's high
if the trade executes
can run the stock for targets up to 388/400/410
with sl placed around 347
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...
As 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...
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...
there is bullish flag breakout on dis stock so one can add long trade here for higher targets. entry stop loss and targets given on chart.
hit like if you agree with my plan i really appreciate your support .
regards
king999
Indian 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...
