INDIANB Trading Near Tested Demand ZoneINDIANB is currently trading at ₹500.25, near a tested demand zone that spans ₹504.8 to ₹487.35, formed on 29th October 2024. Since this zone has been tested, it may provide limited support, and cautious monitoring is advised.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
INDIANB trade ideas
INDIANB Swing Trade WatchlistINDIANB is taking support from 50 EMA in Weekly Chart. (For Swing Trade)
We can go for long swing trade only after price going above 544 with approx. 7% stoploss and 21% Target.
Risk-Reward = 1:3
Plan your quantity/investment accordingly.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future,
INDIAN BANK S/R Support and Resistance Levels:
Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Indian Bank close to breaking out (Again!)
Displaying strong sales & earnings momentum
Uptick in relative strength
extreme contraction in volatility and volume while hovering near the top of prior base
Already had a BO before election results from a 15wks/18% shallow flat base which had VCP characteristics
experienced some correction during election results related volatility but recovered quickly
IMPORTANT LEVELS FOR THE DECADE 2020-2030Hey Folks!
Every time when i share an idea my purpose is to reduce the entry levels to the minimum so that Guess work and Random entry can be avoided.
Keeping the above statement in mind today i sharing the levels for NSE:INDIANB that will be helpful in planning you building a swing position.
Rules are simple as you can see in charts that there are two colour channels , Green and the Red channel.
Generally lower level of the green channel are the value buying area Whereas middle level of the Green level are the normal buying level.
Normally Targets for Buying levels are upper levels of the red channel. But since these levels are for the decade so Consider every level as a target.
Plan Your swing trade at or near these levels to have an edge for your setup.
For any questions just drop a message!
All the Best Folks!
INDIANBNSE:INDIANB
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
INDIAN BANK multiyear breakout attempt Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range.
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390
Indian BankTarget mentioned in chart - SL 380
FUNDAMENTALS
Market Cap
₹ 52,751 Cr.
Current Price
₹ 424
High / Low
₹ 446 / 188
Stock P/E
8.63
Book Value
₹ 398
Dividend Yield
2.03 %
ROCE
4.55 %
ROE
11.8 %
Face Value
₹ 10.0
Promoter holding
79.9 %
EPS last year
₹ 44.7
EPS latest quarter
₹ 14.8
Debt
₹ 6,43,216 Cr.
Pledged percentage
0.00 %
Net CF
₹ -29,751 Cr.
Price to Cash Flow
-1.89
Free Cash Flow
₹ -28,208 Cr.
Debt to equity
13.0
OPM last year
52.0 %
OPM 5Year
52.7 %
Reserves
₹ 48,261 Cr.
Price to book value
1.07
Int Coverage
1.27
PEG Ratio
0.26
Price to Sales
1.10
Sales growth 3Years
28.1 %
Profit Var 3Yrs
86.4 %