Indusind Bank had given a breakout recently and after that has taken support at DEMA 20. Further the stock has also formed candlestick pattern Abandoned Baby Pattern.
Indusind Bank made a breakout from its symmetric triangle Pattern.Kindly do your own analysis before entering the trade
Indusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago. I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5 Kindly note that...
details are provided in chart . Note : Only for educational purpose .
Swing traders can plan for entry, Low risk, high reward setup.
Please use trendlines for resistance and support. Do your analysis before taking any trade.
IndusInd Bank brekaout on monthly chart. looks good and sign of bullishness. Next target will be 1400+ and 1800+
@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
The stock touched the support and bounced back . A breakout has also happened . The bull run has started in INDUSIND Bank .
Concentrate if price sustain above 1163////////////
Buy in CMP for a target of 1597 and 1843 Trade Period :-1-3 Months
Indusindbank is about to break All time High (Resistance) One can go long after breaking all time high with small stoploss
Observed good volume Closed above TL Stop below 1100
If breaks 15 min OB IT WILL go up Definately below breakers put sl rest if gapup or gap down avoid
#INDUSIND entry and exit levels on the chart (refer black/blue lines). Place SL@0.25% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter. #INTRADAY
If Bulls take control over the market, consider mentioned targets. For intraday target 1 - 1180 target 2- 1385/1387 Stock is at a good risk to reward ratio if it breaks 1400 and continues the momentum