IDUSB trade ideas
Indusind Bank Near Its Major Support AreaNSE:INDUSINDBK
Indusind Bank today tested its major support area of 447.6-366.25 if its manage to break it down. There is nothing worst to see.
We may see accumulation in above mention area.
Indusind Bank Bullish Divergence on Daily ChartBullish Divergence + Price approaching Support trendline of the channel shown.
Such Divergence on daily chart indicates a strong bounce.
We already saw some buying towards the end of the day.
Buy around 1130 and hold or wait for horizontal support around 1045.
Indusind Bank LimitedIndusind Bank Limited is made low but rsi is trying to go up. This is a divergence .
Indusindbkindusindbk in channel support, trade when you get reversal in one hour. Follow the trend of the nifty and trade according to that, target and stoploss by your own
Indusindbk started to travel in parallel channel, after on hour closing trade according to that. follow the trend the trade
IndusInd Bank looks Bearish on Daily chart.Posted purely for Educational Purpose.!
Views are Welcome.!
Reason for prediction.
1) On Strong Resistance.
2) Below Trend line and will form a channel.
INDUSINDBKTake buy entry when it came to correction resistance level and the target levels in the chart
INDUSINDBKnear strong resistance in CHANNEL AND HORIZONTAL BOTH
CAN GIVE ALMOST 100 POINTS MOVE ON CORRECT ENTRY AFTER SIGNAL
