INDUSINDBK trade ideas
INDUSIND BANK LOOKS GOODIndusind Bank looks good after breaking a falling resistance trendline on weekly chart and gives a close above so we can consider it is breakout of triangle resistance trendline and after a breakout of falling resistance trendline we can go long in it for the target of 1369 taking stop loss of 1200 below a weekly candle close.
NOTE- Only for Education Purpose.
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INDUSIND BANKENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
IndusInd Bank: Cup and Handle Breakout ConfirmationThe script has shown a Cup and handle Breakout with good volumes.
Keeping in the mind that all the private sector banks have almost reached to their ATH this script is lagging behind a little bit which gives a good scope of gains.
Best Entry: 1180-1200 Levels
Sl: below TL on Daily Closing basis
Target: as per yellow line levels
DISC: I am not a SEBI registered research analyst, Please consult your financial advisor before making any buy or sell.
Trading at Crucial level. Breakout or breakdown happens 1. Stock trading at very crucial resistance level ( 1275 )
2. From 2020 FEB this stock not crossed that level.
3. Strong candles on weekly , monthly time frame.
4. Clear ichimoku lag span level on weekly , daily time frames.
5. If it breakout , potential to reach 1400 ; 1500 next coming weeks. Safe entry above 1280.
6. If it breakdown can reach supportive trend line again.
This view shared for educational purposes only. Consult your financial advisor before entering trades.
IndusIndBk Chat Pattern After analyzing IndusIndBk's stock, there are indications that a potential breakout may occur in the near future. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
INDUSIND BANK INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if a weekly candle closes above it for targets of 1500 levels in medium to long term