Indusind Bank Limited - Breakout Soon 📊 Script: INDUSINDBK (INDUSIND BANK LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY BANK / NIFTY500 / NIFTY
📊 Sector: Financial Services
📊 Industry: Banks / Private Sector Bank
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 1240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 One can go for Swing Trade only above 1240.
BUY ONLY ABOVE 1240
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Niftybank
Nifty daily analysis for 14/09/22Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100.
In the last hour nifty lost and around 90 points.
The market has taken a nice support from hourly 20 ema and closed just above the level.
On the 15 minute time frame, the market has closed between the 20 and 200 ema.
The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\
Support :-17965-990, 17923, 17832
Resistance :- 18020,18060, 18140
The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session.
Wait for the price action near the levels before entering the markets.
Nifty Target For Sep 2nd Week (I) 18118 (II) 18307 Nifty50 Prediction For Sep 2nd Week
About Elliot wave:-
(1) Nifty This at impulse mood ~ wave 3
(2) wave 3 max time higher then wave 1 & 5
Remarks:-
(I) Nifty Data strong Maybe coming days nifty we can touch 18000+ Level easily.
(II) Last 2 Day Global data so good (Bullish). so don't be worry about global fall.
Nifty Target for Sep 2nd week
(I) 18118 (II) 18307
Wave 3 Invalidation level ~ 17691
NIFTY SEPTEMBER ANALYSISWith Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022!
With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels!
17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
Nifty - 17680 need to be exceeded for continuation of upmove.17680-17730 area need to be crossed and sustained for comfort with long side trades. Besides being high of today (25/08) and 22/08, 17680 is Ichimoku's Tanken Sen level.
17376, 17738, 17216, 17155, 17094, 17018 are important support levels.
NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone.
A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles.
The market has been in green for last 4 weeks and a retracement is pending.
Nifty on the hourly time frame has started trading below its 20 DMA and closed below it.
On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema.
Support :- 17710, 17634, 17540
Resistance :- 17830, 17960
Wait for the price action near the levels before entering the markets
NIFTY50*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
Nifty advanced chart formationI have observed this pattern in Nifty daily chart
1500 to 1600 points down move
2300 to 2400 points down move
If the recent high is temporary top for time being a 1500 points correction is possible in the index
2 days closing above 17600 will reject this pattern and next resistance will be 18200
Nifty Levels for 10/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty is ignoring the global issues and quickly approaching long term resistance level with strong buying support from Bulls. Nifty is trading above all important averages and VWAP. Is buy on dips going to be better strategy till Nifty shows signs of weakness and start trading below important moving averages?????
Have a profitable day ahead!
Nifty 50 Index levels for 03/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
ICICI Bank Future Chart LevelsDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Is ICICI Bank ready to touch 52 High in coming days?
OR
Profit Booking will bring down ICICI Bank to near major support levels?