INDUSINDBK trade ideas
INDUSINDBANK 1:4RR 🎯40% 1400+NSE:INDUSINDBK has corrected 33% from all time high. Price made a double bottom pattern from which it broke out.
The double bottom was also formed at a price range where the stock already took 3 supports.
Indusind also came out with good results. It is good buy at this price for long term as well.
Enter 20% position after break of yesterday's high. Expect some pull back as it has already given 11% in 2 trading sessions. Buy the remaining after pullback.
Aiming for a 1:4 risk reward setup.
Targets: 1000/1200/1400+
Place an sl below 2 bar low (below 870). It is more preferable if sl is kept below the bottom (below 800) and go for 2:5 RR trade.
Not expecting huge momentum towards the target. Slow/positional trade. Holding period 1-6months.
Position size accordingly. HAPPY TRADING!
INDUSIND BANK BEARISH OR BULLISH ???1. looks bullish considering at major support level , good results , and comparativley dint fell even the sense shed 3.5% ,
2. Net Profit - QoQ Growth in quarter ended Sep 2021 is 14.21% vs 11.3% in Jun 2021 good results expected
3. 1 Day: Delivery volume increased by 25.69% over 5 day average
4. Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing Revenue every Quarter for the past 4 Quarters
Increasing profits every quarter for the past 4 quarters
Book Value per share Improving for last 2 years
Companies with rising net profit margins - quarterly as well as TTM basis
Mutual Funds have increased holdings from 10.22% to 12.05% in Dec 2021 qtr.
trade as per levels ad targets go long for feb month
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