Indusind looks primed for a good moveIndusind Bank looks set for a good move, probably to the downside. Expect to hit 1188 pretty quickly on triangle pattern breakdown. Can stop & reverse in case 1295 level is broken.
IDUSB trade ideas
949. Long only after pull back fib levels.SL compulsory
RSI bear divergences... exists for upcoming pullback
INDUSINDBK - Buy for 1820 in next 2 monthsINDUSINDBK - Buy with a sl of 1340 and a target of 1820 in next 2 months
824 NR7+IB.abc,w2 of a burst as assumptionSL compulsory; buy only if price sustain above prior day highs; other wise no signal.
if trades below prior day low, then short with sl.
downtred is heavy on this one . dont look at the noise on the tv for this .
The stock has broken down a long term support in a descending triangle . now is in a downward channel goin down and about to accelerate to targers of 1100.
Indusind Bank- Descending TriangleDescending Triangle, Wait for breakout in down side for huge down fall.
INDUSIND BANKINDUSIND BANK
Trying to break out of Triangle.
If happens, and with good volume, then possible upmove till 1508 levels.
RSI also moving in triangl formation and trying to break free.
Volume also reducing as price getting squeezed in the triangle.
Upmove till 1508 also shows Bearish Bat pattern with D point at a resistance level and fibo level
of around 1508.
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
