Triangular pattern breakout .165 resistence if closed above then next tgt 195-200
Indian Bank has given highest ever net profit along with forming a great chart pattern - Cup with Handle, Tweaks in government policies for psu banks have given a major support , If net profit is highest ever the stock needs to be traded at either book value or All-Time High . Short Term Target - 2-3 Months - 35% Long Term Target - 80% over a year
Indian Bank Has Given a Breakout of Daily TF with Increase in Volume. We can see further upside in this stock Keep a SL of 149 on DCB..
On the 4-hour chart, we can expect a bearish confirmation of the MACD crossover indicator, because as we can see, the MACD line and the signal line are already getting close to each other. The stock price is also moving to the middle level of the Keltner channel. The Williams Fractals indicator shows a bearish confirmation either. In view of these findings, we...
Indian bank has created beautiful reverse head and shoulder traditional chart pattern. Based on this technical chart pattern, target is very high. The support this target, Fundamental of Indian bank also supports here because this bank's book value is more than 300.
Drawing important support trend line for indian bank which may hard to break as share price takes support at three times and make it more strong support.
really strong technical , support level 132/135 range ... target 155 range
Long for 10 days Buy 139-141 Sl- 133.65 Tp- 155.15 Technical description Rate of change positive MACD signal change ADX range bound Stoch natural RSBI positive RSSI positive SRS positive ARS positive
Bullish momentum.2Year Rounding bottom formation.Buy at cmp-136 with SL of 120. Target-154,200,280.
Rounding bottom breakout in Indian bank @152-153, according to Fibonacci and previous resistance levels the price can climb upto 200 with resistance 166, 180 and 185. 200 is not far. Disclaimer - This is just for educational purpose and not a trading or investment advise.
INDIAN BANK forming cup handle and near to neck line highly chance for BREAKOUT.
As on 23-05-2021 Fib 0.618 breakout Volume > Average on Breakout RSI > 70 FBS Bottom Negated as 0.618 broke out with substantial volume Full Body candle < 20 % Selling wick First Target of 156 lvls
Indian Bank looks in good shape. It looks like forming a Cup with Handle pattern on weekly chart and volume spurts are supporting at moment. My setup would be like - Entry - CMP SL - 10% approx. Target - 15-20% approx. Timeframe - 3-4 months max. Note: Please note, I am not a SEBI registered and this study is not a TIPS. Please consult your...
The Stock is looking strong Giving a rounding bottom breakout Buy above 74 For target of 90-95 levels Stop Loss of 62 on closing basis