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INDUSIND BANK LTDINDUSIND BANK LTDINDUSIND BANK LTD

INDUSIND BANK LTD

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INDUSINDBK trade ideas

IndusInd Bank decline: EW analysisNSE:INDUSINDBK Minor wave 1 top at ₹1242 posted on 27-10-2021. Ensuing decline in Minute wave a (circle) seems impulsive in nature, which means we will likely form a zig-zag (5-3-5) for complete correction. Expected price/time target shown. Initial recovery post this phase of decline expected to be sharp with target zone shown. Invalidation point for this scenario: ₹1042 Caution: Elliott Wave trading requires expert risk management skills since unfolding price swings necessitate frequent adjustments in original wave count.
NSE:INDUSINDBKShort
by akg1249
INDUSIND BANK - End of correction phaseThe stock has undergone a major correction of around 30% from the levels of 1242, hence it is possible that we see an upward movement again. The stock has moved above it previous support area and is heading in the right direction for bulls, however a hurdle in the range of 960-965 awaits to be crossed over for a move towards 1075 and then on to our target of 1130(main target) which could then see the stock making new highs probably. The analysis done mainly is in view of a long term plan, shot term investors can use this to book your profits as per your choice.
NSE:INDUSINDBKLong
by ruelfernandes
IN IIBNot recommending to act now I tried to take side on buy given its position (support on a upward channel) but I am not conformable with the near-term resistance @~INR1,200-1,250 either -> I won't act now. Having said that, I do have two action recommendations. (i) Only act when it hits ~INR651 where it is at the support of the downward channel. (ii) Wait-and-see until Mar 2022: if the price is above ~INR1,144, we might actually consider buying more at that point. Not sure how to assign probability to each case but I won't recommend the team to act now.
NSE:INDUSINDBKLong
by RalphPB