Indusindbank
IndusInd Bank Bullish Momentum with a Targeted Upside in Sep serIndusInd Bank is showing a strong technical setup, with bullish momentum driving the stock above a key resistance level, backed by high trading volumes. Moving averages are aligned positively, and the RSI is holding above 50, indicating sustained strength. I have bought the IndusInd 1420 CE of September series at ₹33, targeting ₹45-65, with a stop loss set below ₹28. The stock appears well-positioned for further gains, making this an attractive options trade.
IndusInd Bank Bullish Momentum with a Targeted Upside in Sep serIndusInd Bank is showing a strong technical setup, with bullish momentum driving the stock above a key resistance level, backed by high trading volumes. Moving averages are aligned positively, and the RSI is holding above 50, indicating sustained strength. I have bought the IndusInd 1420 CE of September series at ₹33, targeting ₹45-65, with a stop loss set below ₹28. The stock appears well-positioned for further gains, making this an attractive options trade.
IndusInd Bank - A potential upsideTHE TARGET
LTP on NSE on 14/Feb/2024 was INR 1484.50 (with a high of INR 1494.50 and a low of INR 1434.95)
Although it is a good buy at current levels, still conservatively I will accumulate even at dip to Rs.1440/-
Resultantly after all this discussion, I believe that the target price should be:
first INR 2050 and
second INR 2350.
Stop Loss should be INR 1350
Risk to Reward will be 1:9
Time horizon should be 12-15 months
INDUSINDBK Analysis for Swing and Intraday for 29 AprilCreate a high of 1694 the price is moving in a range between 1579.20-1428.Price can take Support at range between 1428 -1443. Because 5 times price respect this level .
For swing trader we will wait for breakout or breakdown.
Bull Entry: after cross 1576 level with good volume and day closing.
If you are looking for intraday :
After crossing 1442 level you can short your position and next support will be 1272.
If price trade between 1450-1480 it's a side base market. if price cross above 1480 level with good volume or with price action then we can make a target of 1511.
Important level:
Resistance 1576
Support 1: 1448
Support 2: 1272.60
INDUSIND--Drop Base Dropprice broken the trendline and retested.
price is now exactly at trendline resistance..
wait for the price to break the support and retracement,will enter for short side.
now price is in consolidation, manipulation above resistance , will observe and fallback again.
keep safe going long again.
INDUSIND Bank Fresh Entry levelsAs per my analysis NSE:INDUSINDBK has more potential for upside. Fresh entry level could be 1440 with stop loss of 1412 (-28 points risk). We can expect upside targets of 1463 (+23), 1481 (+41), 1490 (+50) & 1501 (+61). It could be low risk and high reward idea..
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Indusind Inducing Confidence.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. Negative aspects of the company are FIIs are decreasing stake, promoter holding decreasing and high promoter pledge. Positive aspects of the company are low debt, improving annual net profits and MFs are increasing stake.
Entry can be taken after closing above 1319. Targets in the stock will be 1344 & 1386. Long term target in the stock will be 1435. Stop loss in the stock should be maintained at closing below 1136.
Indusind Bank Long Swing Trade | 25% Upside PotentialI 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 stock/crypto/forex pair/commodity.
INDUSINDBK--AT untested Supply zone??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 is previous untested supply zone, keep watch this levels.
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In my previous post i have given that this is a false breakdown
look at this ,
INDUSINDBK--False breakdown??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.
INDUSINDBK-Expected to be Bullish breakout @ 1170 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.
INDUSIND BANK short viewIndusind Bank as reversed from resistance zone, and as the market has also started to fall we can expect it to at least touch till 1150 levels.
Risk to reward ratio is 1:1 and if it falls below the support zone, it can also reach till 1000 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.