INDIANB trade ideas
INDIANB: Ascending triangle,Upside 15%The INDIANB price action resembles the Bank-Nifty price, In simple, the correlation of INDIANB and Bank-Nifty has a O(1). So, In the last three sessions of Bank-nifty, there is a breakout (ascending triangle) which correlates with INDIANB and signifies the movement of the stock toward the same formation of A.T
What does it make sense?
BankNifty is going to make an advance of 22% and Stock has a beta of 1.42 which implies that for the index next move the stock will advance at least 33%. As a result of breakout with intensive expansion further 33%, cuz Index had made a breakout before the stock.
Points to be Note (Technical + Fundamental)
1. Structure- Higher-Highs formation (Ascending Triangle)
2. 1D Critical Demand Zone replusion due to Index correlation signifies fake breakout or failure of 1Week closing.
3. Market Cycle: Primary Trend with sideway distribution (1D)
4. Support: Above 50MA & 100MA
5. Resistance: Major Supply Daily & Weekly
6. Retracement Levels: 0.5 Fib ( of A.T formation)
7. Relative strength: Postive at 4H & Moderate at 1D
8. Volume: Low volumes diminishing but strong buying.
9. Beta: 1.42 aggressive
10. Weekly closing: Positive
11. Monthly closing: Negative yet, but moderate (engulfing postive candle)
1. PE: 4.5 as compared to its peer SBI having 16
2. M.Cap: lower
3. D/E Ratio: 14 Reliable in the banking sector
4. Book-Value: 0.43 Impressive and trading thrice below the B.V
5. Sales: Increased by 90%
6. Sales to OP correlation: Negative as profit is backed by other Income
7. Sales to PAT correlation: Surged by 26% YOY
8. ROCE & ROE is 5.8% vs 10.1%
9. Reserves: Increased by 80%
10. Promoter holding: they pledged the 12% YOY
11. Contingent liabilities: Extreme level
That's it!
IID-01
Indian Bank Breaking Out of Channel On Daily ChartIndian Bank Breaking Out of Channel On Daily Chart
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
Expecting breakout - Range breakout ✌✌✌This scrip is expected to give range breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏
Indian Bank CMP 123.5 Indian bank- CMP 123.5, Technically it made a cup pattern and also another cup in formation stages. It can be taken for long with a sl of 114 for a tar of 146.4, 156, 167++. In the first cup also it reversed after touching a low of 200DMA and in second cup also it touched 200DMA today and started reversal. It recently announced quarterly results and results are good. All these factors favoring for a rise. This is only for educational purpose and investment shall be done based on the advice of financial adviser.
Indianbank-139.3Indian bank- CMP139.3, Results are very good. yesterday after announcement of results it went up little and closed around 1% up with huge volumes and settled lower due to general weakness in market. Technically also it made a cup and handle pattern. Handle if in formation and handle formation will be completed soon and will break out. It can be taken for long with a sl of 115 for a tar of 146.4, 156, 167, 186, 200, 255, 286. This is only for educational purpose and investment shall be done based on the advice of financial adviser.
LONG TERM CHART ANALYSISBreaking the resistance can lead upto 75-70% of returns if you can hold for 1-2years... And 20-25% returns in short term. Disclaimer : This is just for educational purpose..
INDIAN BANK 75% IN 1 YEAR POSSIBLECUP AND HANDLE IN MAKING
75% IN 1 YEAR POSSIBLE
(Study purpose only)
For more Trading ideas : Trendtradiing.blogspot.com
Indian Bank Bullish BiasVolatility compression visible
Rounding bottom formation
volumes spiking up
RSI is trending up
Relative Strength upward sloping
Bank nifty breaking out
looks like lot of positive confluence
Indian Bank Flight Ready To Take OffDetails are mentioned in Chart. Aim for 200+ in Indian Bank counter
Indian bank buyIndian bank wonderful cap nd handle formation done...waiting for breakout...buy above 157 ..for short handle target 208-210...nd long term cup target 250-260..with sl 95 below closing basis
Cup and handle in INDIANB WCup and handle pattern formed. Consolidating near resistance after a close beyond it. May give a good upmove in future.
Indian Bank - LongIndian Bank - Long
Consolidation happening in the market. Slight ups and down will happen in the highlighted zone.
But can buy and accumulate, considering the support level.
Watch for the consolidation zone break out.
Once break-out teh zone, can book the profit
Invest and Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
Indian BankDaily Charts
- Cup & Handle Pattern
- Looks good for a swing/ Positional trade on break of handle
INDIANB, GOOD POTENTIAL STOCK FOR UPMOVE (CUP & HANDLE PATTERN)Simple yet beautiful Cup & handle pattern.
Intraday : Above 156
Swing : Close above 160
Thanks
Piyush Gupta
Learn & Earn
indian bank- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 155 Next level to 200/250 levels .
-Support is near 125 level on chart.
