Bat patternThe price broken B point, it will touch the upper side resistance in one or two days. This is for educational purposes only.
INDUSINDBK trade ideas
long indusind near 1310-1320 it forms triangle ABCDE pattern buy near 1310-1320
stop loss 1270 closing for the target of 1700
minimum holding time till march 2025
it may breakdown A-C trendline to complete E of triangle to trap retailers and then bounce back
fast and strong
this prize action may happen in next 10 days,,,
Note-this is my view only ,,,plz take advice to your financial advisor for investing
BuyBuy Indusind at cmp 1502 stop loss 1459 target 1576 -1620
Disc : It's not an investment advise to buy or sell
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 .
ROUNDING BOTTOM BEING FORMED IN INDUSINDBANK ON DTFIndusind Bank has been trending within a Parallel Channel right from June 2022 and taking support on the Bottom trendline multiple times.
The Zone between 1560-1580 has been acting as a Resistance Zone from February 24. In the near term we can see that a Rounding Bottom is being formed. Entry can be taken above 1460 for a near Term Target of 1550.
Do your due diligence before taking the trade.
flag formation in indusind bankIndusind bank has been forming a flag pattern for some time now and recent correction has brought it closer to cmp: Rs 1444/- where a decent support can be seen. one can expect a small rally of about 5%.
Buy SetupDaily At baseline Support ( Ichimoku Cloud)
in Consolidation since 6 month
Buy on Monday onward above 28th candle high
SL Cloud Bottom/ RSI below 40
Educational Purpose
Next move I am looking this could move in side way very thin movements by price and length by time factor and expect to make new low before its Major Turn around
Good luck people
all set to take offIndusind Bank CMP 1528
The dip to 38.2% from a higher swing and the bounce from the trendline is telling me this stock is now all set to take off without any further delay.
INDUSINDBANK TRENDLINE BREAKOUTIndusindbank breaking trendline resistance
weekly basis with good volume
and rsi,macd crossover happening
EDUCATIONAL IDEA
INDUSIND BK:Likely DEMA GOLDEN CROSSOVERINDUSIND: At 1535 has started to show signs of 10/20DEMA Crossover above 200DEMA in daily chart. Prefer to go long for a positional target of 1570+(for educational purpose only)
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.
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
indusindbank trying to breakout resistance and trend lineindusind bank trying to breakout resistance and trend line, if breakout happen indusind bank price will fly to reach target shortly, otherwise it will continue sideways.
Indusind Bank All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL 1Hr candle close only, Target Trigger Price
indsindbank falling channel brekout hello, in this stock falling channel breakout up site with good volume its good opportunity to buy this stock i hope you like my idea subscribe my channel thank you and allah bless you.
INDUSIND BANK 1HRINTRADAY
- EARN WITH ME DAILY 10K-20K –
INDUSIND BANK Looking good for Downside..
When it break level 1441 and sustain.. it will go Downside...
SELL @1441
Target
1st 1428
2ND 1421
INDUSINDBK MAY FUT – LOT 7 (Qty-3500)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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.
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.
Bank in a box.This bank is caught in a 10% range box from almost 4 months now. This is the 7th time stock is near to lower end of the box which indicates weakening of support. NSE:INDUSINDBK is now ready to move out of this box.
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.
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 ?
Day 32 of Live Algo Day Trading JournalDay 32: Day opened good, however could not sustain bullish momentum and gave up all the gains. Algo waited till it got the pullback. First trade turned out to be loss making as market played mischief and got me out. On the second trade also market tried to play mischief but the sellers were very strong and did not allow it to go beyond my SL and hence was saved. Getting to the target was a long patient wait. Had to wait for two and half hours to get it. For most of the time market just tried to push beyond the limits and kept on fooling people on both sides but my algo kept on holding. Finally at last it did go in my direction and got profit.
Progress/Learnings: PATIENCE pays. Got jittery at a time when market was close to my stop loss and thought it might get hit but did not do anything manually and held on. Patience and faith on the system pays.
