Buy at all dips.Bullish momentum.2Year Rounding bottom formation.Buy at cmp-136 with SL of 120. Target-154,200,280.
INDIANB trade ideas
INDIAN Bank - Rounding Bottom BORounding bottom breakout in Indian bank @152-153, according to Fibonacci and previous resistance levels the price can climb upto 200 with resistance 166, 180 and 185. 200 is not far.
Disclaimer - This is just for educational purpose and not a trading or investment advise.
INDIANBANK - Fib 0.618 BreakoutAs on 23-05-2021
Fib 0.618 breakout
Volume > Average on Breakout
RSI > 70
FBS Bottom Negated as 0.618 broke out with substantial volume
Full Body candle
< 20 % Selling wick
First Target of 156 lvls
Indian Bank - Bullish StructureIndian Bank looks in good shape. It looks like forming a Cup with Handle pattern on weekly chart and volume spurts are supporting at moment.
My setup would be like -
Entry - CMP
SL - 10% approx.
Target - 15-20% approx.
Timeframe - 3-4 months max.
Note:
Please note, I am not a SEBI registered and this study is not a TIPS. Please consult your financial advisor before actual trading.
Indian Bank BullishThe Stock is looking strong
Giving a rounding bottom breakout
Buy above 74
For target of 90-95 levels
Stop Loss of 62 on closing basis
60% fall in the coming days refer chart for details
investors can book their profit
stock is in absolute downtrend
averaging wont be a good option in this stock
Indian Bank STRONG BUYBUY Indian Bank at CMP , SL :205, tgt : 225-235 till feb end expiry
MACD crossing the signal line......
#INDIANBBullish Wedge
Reversal Confirmation
Strength with 2 BH>50%CH
Momentum CCI crosses 100
Alignment with EMA 5 > 21 > 55
Target 371 / 389
SL 290
Indian bank-in infliction point for some good gainsDisclaimer... not invested,
this is not an investing/trading recommendation
INDIAN BANK NSE is in its resistance zone.The price of Indian bank should start falling since it is in its resistance zone .
Bulk traders BUY INDIAN BANK CMP 283-280 SL 268 Target 340 , 36Bulk traders BUY INDIAN BANK CMP 283-280 SL 268
Target 340 , 360
1-2 Month time
Indian Bank at Long Term Investment ValuationThe retracement has been done below its intrinsic valuation due to weakness in overall bank sector. I believe this stock is a fast grower and at this valuation it is great buy.
