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INDUSIND BANK LTDII

INDUSIND BANK LTD

675.85INRR
−224.65−24.95%
As of today at 06:49 GMT
INR
No trades
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INDUSINDBK trade ideas

Testing falling wedge breakout—bullish reversal possible ✅ The stock has been trading within a falling wedge pattern, which is a bullish reversal formation. The recent price action suggests that the stock is attempting to break above the wedge's upper boundary, signaling potential for a reversal. ✅ The stock has bounced from the lower trendline of the wedge around ₹1,320 and is now moving towards the key resistance at ₹1,400. A breakout above this level would confirm the reversal and could lead to a significant upward move. ✅ The RSI is currently at 47 showing improving momentum. A break above 50 on the RSI would confirm a shift towards bullish sentiment, supporting the potential for a breakout from the wedge. ✅The bank has shown improving financial metrics, including higher net interest margins and better asset quality. This is likely to continue supporting the stock’s upward momentum. The banking sector in India is expected to benefit from rising demand for credit, with strong support from government initiatives aimed at boosting economic growth and digital banking.
NLong
by Marketik
Day 33 of Live Algo Day Trading JournalDay 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss. Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today. Learning/ to ponder: When market takes away your earnings, should you solely rely on algo ? I am thinking of changing it to stop it once a desired profit target has been achieved and take no more trades...... What are your thoughts on this ? Let it run or stop and get out ?
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by Hiren1
INDUSIND BANK (UNDERATED) As we can see from last 200 Trading session price is keep moving in a price range of rs 1680 on the upper end and 1300 on the lower as we can see on chart And finally BULLS has showing their strength and Good VOl candle a MARABOZUE candle has been formed and closed near the day high This bank is looking very Good in MID term to long term if u are looking for a swing trade u can easily capture 300 points easily in indusind bk with the stoploss around - 1300 if u can hold it for more 2 to 3 months the stock is looking very promising from my view (EVEN FIIS ) has a good stake in this stock For the next week this stock should be in your watchlist without any doubt because in this coming week company would be sharing its earing reports watch for this stock . Follow For more THANK YOU .
NLong
by Faizgazi
Day 37: Day Trading JournalDay 37: After a gap of about 15 days during which I was not trading, and trying to figure out if I can find a better algo strategy or trying to find out if manual trading is better. Since the algo that I had deployed was doing good in paper trade but real trade is a way different battle since the market gives you the worst of price at both times - entry and exit, it resulted in a breakeven after a month, now I decided to focus on my manual trading instead. I realised that when trading manually, decision making is very complex and cannot be fit in a simple algorithm even when I am looking at just one indicator. The brain actually analyses many different things without even we realising. Most of the time, brain picks up correct entry signals. I tested out my strategy by paper trading and backtesting on different stocks than which I normally follow and I found that the strategy is good and I do good and I am profitable in that. The issue however arises when real money is involved as the most difficult part to master i.e. our emotions, are not involved in backtesting or paper trading. We need to trade live only for that and build that mindset. Nothing else can prepare me for that, so its all real trade for me now, very small positions but rigorously testing the same strategy on different stocks untill I have mastered the emotions.
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by Hiren1
Indus Ind Bank : 36.83% to 618.66% Upside Potential!!!Indus Ind Bank : 03 Jun 2024 "Life is Simple, So is Trading. Discover Simple, Yet Powerful Inv Ideas." In Play : HH : HL Summary • CMP : 1527.95 • 3rd Trendline touch, validating the strength of the TL • Nice consolidation for the past 6-7 years • Trading right above VP mountain to fuel the price to propel much higher Conclusion • CMP 1527.95 • Long position can be initiated • Higher Targets could be around o Short Term : 2136/2954 o Mid/Long Term : 4036/6349/11298 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NLong
by DhirajSinghBais
2
Day 36: Day Trading JournalDay 36 : Today, I put a halt on algo trading as well as day trading. After algo day trading for @14 days, I realised that I was not making profit, whatever profit had accrued was taken away by market. So I went back to my algo backtesting and stress tested it for worst case conditions and that actually came very close to my real time trading. Then I realised that day trading is not gonna make money. So I have decided to stop day trading and figure out a way to trade swing, now to see whether to follow the hourly chart or the daily chart and if any rule can be applied to it. For the next few days I will focus on trying to find that, meanwhile any trade I do manually will be a swing (holding overnight) to see how it goes.
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by Hiren1
Day 35 of Live algo Day Trading JournalDay 35: Not much movement today. Remained negative during the day. I am increasingly getting this feeling that intraday is not worth pursuing. The time market is open is very less, the first half hour or the full hour goes just in trying to figure out where the market wants to go and by the time you think what you'd like to do, it stalls and gets into a range. By the time it ends, the market timings are over and everybody wants to pack up. Where is the time to chase any strategy, where is the time for any strategy to develop. I think I will try looking for a swing trading strategy and see if that is profitable or not. Progress/Setback : Nothing much on both counts, will have to explore more.
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by Hiren1
Day 34 of Live Algo Day Trading JournalDay 34: What a bad day it has turned out to be. Market gyrations has given me losses for all the trades taken. The algo was correct, the logic captured the direction of the market, however the intraday pullback of the market was beyond its normal limits (or as per the set calculated limits over a certain time) and kept hitting SL everytime. Took four trades, all wrong. Setback: today's market has made me thinking if I should incoporate something else in the logic to figure out the major direction and take trades only in that direction? This will keep me occupied for the weekend.
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by Hiren1