INDUSINDBK trade ideas
wait for channel breakout above 550Indusind bank looks good for long term investment if break the channel.
INDUSINDBK | NSE | ANALYSISHey guys!
IndusIndBk has broken out of its major resistance level and has flipped it to support.
It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day.
MACD is converging bullish adding to the bias.
Stoch RSI has bottomed out and is ready for a reversal.
Next possible resistances are way above 600 rupees, which is the 200MA on the 4H. That's a 30% easy target in the coming months.
Above are my reasons to enter the trade.
Thank you!
Indusland Bank AnalysisIndusInd Bank analysis for 19th June 2020
#NSE #NSEstocks #induslndbank #share #BSE #nifty #banknifty #niftybank #analysis #indicator #tradingview
We go up !! Lower Time Frame745 First Target
Golden cross happening on daily and its consolidating just below resistance ready to break out to the upside.
MACD cross on the weekly looks really cool .
Levels on Chart.
Ouch !! wonder how many bag holders ..?Quick look at this graph as a request, triple down on your position if you are bag holding.
No idea how this bank is doing however am going to assume its not folding for this particular idea.
All time graph just looking at it hurts and am sure a lot of people hopped on at 1085 level so a lot of bag holders who did not use risk management and are clinging on to hopium for this baby to rise.
926 should be a safe target from here which is decent however 1085 is where it might finally have a decent pull back .
at present we are sitting just below a key resistance and i expect this to be taken down pretty soon .
No hype around this so not going to move like jagger but should pump up soon.
745 is the next resistance in the form of the 200 day on the 4hr chart. However break that and golden cross and pop the champagne and swear never to trade on emotion again.
shall post a low time frame graph laters...
Indusind Bank- Half Bat 14th June 2020Bearish PRZ ... some profit booking can come at current level or .58 level which is 583
Indusind Bank Price action Analysis!Kindly have a look at detailed price action analysis and levels based on support and resistance concepts with risk reward levels I have given for Indusind Bank. I have given levels to be sighted for long term wealth creation and also given zones where you have to be careful. In short to medium term there seems to be up move, however do not get carried away as the past has given some shocks!
INDUSINDBK TAKE TRADED ACCORDING TO THE MARKED POINTSINDUSINDBK TAKE TRADED ACCORDING TO THE MARKED POINTS
