If you believe that markets are even remotely efficient, then over the long term, one would expect a company's share price to be influenced by its earnings per share (EPS) performance. Therefore, it is understandable that experienced investors pay close attention to company EPS when conducting investment research. It is certainly encouraging to observe that Indian...
Look at the beautiful channel pattern now can enter at small stop loss book your profit when upper resistance, trial your stop loss when resistance breakout
INDIANB:- Rounding pattern is formed and stock is moving in a small range from last 2 months, if it crosses 310 level then we may see upside movement, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like...
Stock Name - Indian Bank
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 276
#This is not Buy and Sell recommendation to any one. This is for education purpose...
Indian Bank Analysis
Fundamentals : Strong, FIIs and DIIs holding increased in recent quarter, backed by Bullish PSU Sector
Technicals : Broken declining trendline and on the verge of inclined wedge breakout
R 1: 270
R 2: 300
R 3: 360
S : 200
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Indian Bank is currently trading at half of its Book Value of 360 and at a P/E of 5.85.
it has recently brokeout after formation of Inverse Head and Shoulder pattern and once achieving its targets it will reach its old resistance that forms the CUP with a depth of over 371 points (2x its existing price) which might lead to price to 750+
This is not a BUY or Sell...
Look at INDIAN BANK, giving a strong momentum after recent breakout after formation on inverse Head and Shoulder.
This is my very first post here, i am open to learn if I am not doing it right. Show some support.
Today Indian Bank Stock broken out trendline resistance on closing basis. It closed with huge volumes today making it predictive towards upward momentum in a shorter period of time. Observing the previous price action, I thought it would be good stock for both swing traders and BTST traders.
This is my personal opinion, please contact your financial advisor...
* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to...
Indian Bank Cup & Handle Pattern in WTF
If price closes above Weekly Restiance Wtih Volume
Enter on Friday 26/8/22 With Weekly closing below the handle
