Indusindbank
ROUTE ONE INVESTMENT in talks to raise stake in INDUSIND BKExclusive: 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 only.
Showing Bullish in all indicator:
Increase in Relative strength - Benchmark Index
CCI above +100
ROC is trending UP
MACD crossed above signal line
Stoch is treading UP
RSI is trending UP
Aggresive New Long
Stock outperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 510 and 484
Breakdown : 522
CMP : 526
Breakout : 536
Short Target : 549
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(Disclaimer: This is only for educational purpose.)
INDUSIND BANK SUPPORT RESISTANCE for 27/04/2020 NSE:INDUSINDBK will declare its Q4 results on 27/04/2020 which is most likely to be negative, so these are all the important support resistance zones to watch out for action on 27/04/2020.
since the important support trendline is broken probability of short trade is higher.
the chart is quite gibberish so I would recommend to note down all the levels and carefully the trendlines.
INDUSIND Neutral Nov Expiry OptionsLong term support at 1290, bounced from there
Still in the descending channel
Right now at the top of the descending channel
Can breach right through it or get rejected
If it breaches, it will retest this trend line and move upwards
If it rejects then move downward
IndusInd Bank - Short when it goes below 1320IndusInd Bank ( NSE:INDUSINDBK ) looks very weak on chart and have broken multi-month support today.
Tomorrow if stock goes below 1320 it can fall further.
Reasons for Trade:
Stock has broken Multi-month Support
Current Trend is bearish
Trade Setup:
Short / SELL when price goes below 1320