Levels as mentioned on the chart with probable Price Action to follow.......
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s3.tradingview.com It took support.
But tilt support is broken today. s3.tradingview.com
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say...
indusindbk : 981
trade set up:
1. buy above 1062
2. keep stop loss as 908 on closing basis
3. short term targets 1130/1366/
long term targets 1598/1783/2000+
technical buy setup :
1. symmetrical triangle pattern
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher...
INDUSAND AT THIS PRICE IS SUITABLE FOR ME.
The trade can be taken as positional or swing.
recommendation :- at least hold for a month .
S.L. :- 4% == 960
Target :- 8 % for 1-2 weeks
20 % till year end (dec expiry)
can reach 1070-1100-1130
negation candle closing below 980
"My charts are for educational purpose only
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
STOPLOSS 970 ON WEEKLY CLOSING
FRESH BUY OR ACCUMULATE FOR 20%
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
IndusInd bank has been corrected till it’s major support area and near 200 EMA. Volume also on the short side has been decreased. Can add IndusInd Bank here at CMP 1040 for long term.
Add more if it comes near 1000.
Not a trade advice, Just for Education.
Before entry please check and consult with your registered advisor.
This weekly chart Analysis for INDUSIND Bank.
950-980 is strong Demand zones, which can be seen on chart.
Risk Reward is very attractive >1.5 . The numbers of profit and probable loss are calculated with investment of 10000 INR only.
On weekly chart Trend line is broken downwards But as I said it near to 200 MA support on daily chart and close to demand zone, so...
IndusInd Bank was in correction mode last whole week. Now price trading around 200 MA on Daily chart.
This could be potential reversal point for short term trend.
So CMP 1037 Suggesting to take long position with SL of 937
target could be 1150-1200 in next 2-4 weeks.
* Money is made at Market reversals