The recent rally in Bank Nifty has played a crucial role in propelling IndusInd Bank to reach new heights. Benefiting from the overall uptrend in the Bank Nifty index, IndusInd Bank has demonstrated significant upward momentum. As the uptrend in the Bank Nifty index continues, there is a good chance that IndusInd Bank will sustain its upward trajectory. With a...
Indusindbk chart Analysis........ 05/07/23
Indusindbk Short - 1363 ya Opening high
Sl - 1400
Target - 1336 / 1321 / 1300
Enjoy !
Someone from all of you members would like to know which candlestick pattern could not be formed here.
On the chart we can see a rising wedge formation. We expect the price breaks down of the wedge. Our strategy is to short when the price breaks out of the wedge with increasing volume.
Regular bearish divergences confirm our bearish bias on the stock.
IndusInd Bank Ltd. is one of the India’s leading financial services company. The Bank has network with 2606 branches and 2878 ATMs speeded across the country. They also have representative offices in London, Dubai and Abu Dhabi. Indujas are planning to hike their stake in the bank by inducing fresh amount of Rs.10,000/-Crores.
IndusInd Bank CMP is 1308.70....
I am bullish on banking sector.
IndusInd bank looks interesting.
The price closed above 1270 and sustained there for few days, which signals that the breakout is strong and valid.
I expect the price to continue to ho higher till
1. 1350
2. 1600
3. 1800
Stop loss can be daily close below 1240.
Let me know in comments section if you want me to analyse any other...
Already had rallied.
Ascending Triangle Breakout
Purely technical - Resistances and support given in chart
Market Cap
₹ 1,01,126 Cr.
Current Price
₹ 1,303
High / Low
₹ 1,304 / 763
Stock P/E
13.7
Book Value
₹ 616
Dividend Yield
1.09 %
ROCE
7.37 %
ROE
15.5 %
Face Value
₹ 10.0
Promoter holding
15.9 %
EPS last year
₹ 95.2
EPS latest quarter
₹...
Observations::
This stock is facing resistance multiple time from the zone 1300 range,and not able to break high.
A strong fall is observed and @1250 range buyers pushed the price towards 1300 range again,
means we have sellers @ 1300 range and buyers @1250 range,
1275 range is giving support by pushing upside,wait for break of thhis to reach 1250.
so we will...
In the Weekly Chart of INDUSINDBK ,
we can see that, after multiple failure of Cup & Handle at 1240 - 1260 levels, finally it has crossed it.
Let it retest and the enter with SL .
Go Long for INDUSINDBK .
IndusInd bank has given a breakout above 1240. As per Darvas Box theory, it has completed a consolidation started in Nov 20.
CMP - 1268
T - 1800, 2000 W
SL - 1100 W
Observations:
-------->>the stock is trending upwards.
--------->> At previous resistance level a strong breakout with upside move is observed.
--------->> If price again take support from this zone110 level, we will observe a breakout above 1220 is possible.
---------->> from here price is reversal or continue move upwards to 1260 levels.
---------->> now price...
In the Weekly Chart of INDUSINDBK ,
we can see that, after failing twice for Cup & Handle Pattern.
it is now ready for big move.
let it retest and then enter with SL.
Possible targets - 1600 and 1800.
Observations:
-------->>the stock is trending upwards.
--------->> previously at this level a strong consolidation with upside move is observed.
--------->> If price again take support from this zone we will observe a breakout above 1180 is possible.
look for buying In INDUSINDBK.
Buy price - 1160.10
Target price - 1249.85
Stop loss - 1119.60
Make inverted head and shoulder in 4 hour time fram , MACD and RSI saw fair value , take support of 50 EMA . That's mine what's your do comment .
INDUSINDBK-Observations:
----> Stock trending upwards.
----->Previously false breakout happens at this zone 1170-1185.
------>Now expected to break the Resistance and buyers take the price towards high of this zone and wanted to test supply zone at 1210-1230.
