indusind is clearly broke the triangle set up. It made the retest also. So all the drama is gone. Remember in the current bull, banks did not participate the rally. This time for banks. Your humble trader Kiran
In the morning of 31 Aug, the Global cues were positive, So the geological development looks like to be the major reason that has triggered the negative impulse in the market. The beers took advantage of the situation and this action has also triggered Panic Selling in the market. Profit Booking due to month end added fuel to the situation. I am still positive...
Simple chart based on price action. A parallel channel within another channel. Breakout from the inside channel. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if...
IF IT SUSTAINS ABOVE 528 ( MAJOR RESISTANCE LEVEL) GO LONG ABOVE THE YELLOW TRENDLINE. SL- 523. T1- 554 T2- 577. HOLDING PERIOD- 4-5 DAYS KEEP THE PRICE ACTION IN MIND AND TRADE ACCORDINGLY.
Hello!! Indusind Bank is really a very good stock as a I also talked about it before..... for now it can give an up move because it is sustaining above the resistance. #my_view #learner
And there is alot of bulk buying around 540 during past week.
hello!! IndusInd bank is a good bank even fundamentally so it has great chances to go up final targets for long term are very big like 1000+ but yeah for swing trading if it will sustain over 527 then 540 . and if breakdown then around 506 can be seen(less chances) but yeah market is supreme so we have to analyze for both sides.
can buy in low swing and target resistance area
Short Term Stock Option Buy INDUSINDBK JUL CE 540.00 @26-27 SL 1 It has cross over at 513 and supported by good volume chart is bullish on short and long term.
Exclusive: Hedge Fund Route ONE Investment in talks to raise stake in INDUSIND Bank (Source: Moneycontrol) #INDUSINDBK is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock has support over 20EMA but bullish in Daily candle while in Weekly and Monthly period it is still bearish hence recommanded for treading...
NSE:INDUSINDBK may give a bullish breakout but is currently in a supply zone. So no aggressive longs suggested.
Hey guys! IndusIndBk has broken out of its major resistance level and has flipped it to support. It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day. MACD is converging bullish adding to the bias. Stoch RSI has bottomed out and is ready for a reversal. Next possible resistances are way above 600...
INDUSINDBK TREND LINE TRIANGLE S 495 R 490
I feel like the bottom's in and we'll see upside from here. Next target is 404. Stochastic RSI reversing on the 4H MACD Converging bullish.
Although Bank Nifty seems to be "pessimistic" I feel IndusInd Bank will hold the support line on Monday. - Any Sign of a reversal with a good candlestick on Monday is a huge BUY Signal! - Although place a tight stop loss in case Nifty acts up. -Kautilya.K
This share can be traded with 1:1 ration of Stop loss and Target..
Pattern breakout is good, but logically the share is weak with Quater results coming out, first things first - the share lost almost 75% of its value means 1200 point lost and that will be a dent on profits. Lets see.. Still bearish as per logic and short bullish as per pattern breakout.