The stock is on the verge to give cup and handle breakout on weekly charts . After taking multiple resistance at 1130, the stock is once again ready to give a breakout on weekly charts. Since the stock has not given a clear breakout one can buy 40% at CMP and accumulate 30%, 30% on each dip upto 1050 - 1000. Even after breakout, stock will test its previous...
INDUSINDBK | Flag opportunity for 15-20%
CMP : 937
SL : 900
Target : 1015, 1110
Volatile stock - Please keep SL with some buffer and have some patience
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
2. trendline
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher...
This scrip was posted at 1036 and today it made high of 1186 which is almost 15 % returns in just two trading session. This is simply on basis pure price action. Kindly like and share it with your friends and needy people. Thanks to all 🙏🙏🙏
Posted my analysis the day before yesterday with levels....target hit on the second day only......wasn't sure whether it will hit the second target so I marked target 1 on the chart. But boom....it went like anything today.
The previous analysis is liked below.
Indusind Bank -
Nice accumulation taking place in 970-1060 price band. Looks like a good time to accumulate on SIP basis.
Once the share crosses 1060, we can target for 1100/1180.
Bulk buying should be avoided till 1160 level is breached on daily closing.
Shorting 1100 CE if you have adequate holdings is also advisable, however do this only if you have...
