Indian Bank broke resistance and retest completedIndian Bank has currently broken its resistance zone with huge volume and came back for retracement. It took strong support from 0.5 fibonacci level and most probably going towards higher high.
INDIANB trade ideas
INDIANBCMP: 174
Cup and Handle pattern breakout.
Good breakout volume.
Support 155, 110
Target mentioned in the chart.
Accending triangle BO with multiple confirmations!Chart is self explanatory with multiple factors in line with the breakout, a Bullish Pattern with increasing volumes and a EMA cross-over which is confirmed bullish RSI. As the pattern was advancing sellers tried to lower the price but buyers resumed the buying in between stating clearly that we are in control, with multiple rejections on resistance and support the stock has finally broken out free and is ready to resume the upside trend.
INDIAN BANK - GONNA ROCK MANOne can take a position now to grab more returns.
Patience is the key for this
Indian Bank- High probably Set-up for LongBreaking out of Weekly 200EMA after testing it 3-4 times
RSI Hidden Bullish Divergence
Low Volume Pull Back followed by High volume Breakout
Ascending Triangle Breakout
Indian Bank - Ascending Triangle Breakout (D)Go long in the range150 - 155; STOP below 138; Tg . 230; 250.
Ascending triangle breakout on weekly charts Big Breakout on weekly charts almost two years levels are breaked .
High Volume Breakout
Ascending triangle breakout
target - 195
Sl- 137.50
Ascending triangle pattern formed .♐✴✴❗NSE:INDIANB
let see the price action = ascending triangle pattern
short term traders focus......
target = 205.
let tell your opinion about this stock in comment.
INDIANB Ascending Triangle Breakout
From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern
Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside
Can wait for a minor pullback to happen and then enter based on the daily timeframe.
Has a good potential on the upside with a Risk/Reward of 1:6
Indian Bank- Good Accumulation Hello All,
Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector.
I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and looks ready to explode. A lot of accumulation can be seen during this period (just look at the height of volume bars). The quantity delivered during the high volume days is also good.
Since it's a weekly chart the SL should be a bit long but so is the Target.
SL can be kept around previous pull back level of around 120 while the first target expectation can be around 200.
Happy Trading! :)
INDIANB CMP - 163 TARGET - 285, 370, 420 SL - 112 WCB INDIANB
CMP - 163
TARGET - 285, 370, 420
SL - 112 WCB
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BREAKOUT IN INDIANBANK -- SWING TRADERefer the chart for entry, sl and target. Breakout with a big candle and high volumes. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
INDIANB broke Long Term ResistanceNSE:INDIANB broke the Long Term Resistance level 150 Today with Huge Volume. It even made an ascending triangle pattern which is broken today. Keep an eye on this stock for long term investing.
Breakout When price consolidate near 200 Day MA and breakout any chart pattern boundary then the breakout more sustainable compare to other .
INDIANBANK Positional BUYIndian Bank has made a W formation in Weekly chart and has given a breakout today (12th October's trading session). Short term position target can be 195 above and long term can be above 200 with SL of 153 in short term and 143 below for long term trade on weekly basis.
INDIAN BANK - Investment OpportunityLooking good for a positional trade of 3 to 9 months
We can expect higher levels in this
Swing Opportunity in Indian BankGo Long above 129.6 for Targets of 137.25, 144.9, and 152.55 with SL 121.95
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this the stock has given Trendline breakout.
MY VIEW ON INDIAN BANK this is my view on indian bank i can see big upmove from here buy focus on level
BUY INDIAN BANKBUY INDIAN BANK ABOVE 144-145
TARGETS 155, 160++
SL BELOW 135 ON DAILY CLOSING BASIS
Disclaimer: All Charts for educational purpose. Please consult your financial advisor before investing.
