INDUSINDBK trade ideas
Indusind Bank Long Swing Trade | 25% Upside PotentialI am bullish on banking sector.
IndusInd bank looks interesting.
The price closed above 1270 and sustained there for few days, which signals that the breakout is strong and valid.
I expect the price to continue to ho higher till
1. 1350
2. 1600
3. 1800
Stop loss can be daily close below 1240.
Let me know in comments section if you want me to analyse any other stock/crypto/forex pair/commodity.
IndusInd Bank LtdAlready had rallied.
Ascending Triangle Breakout
Purely technical - Resistances and support given in chart
Market Cap
₹ 1,01,126 Cr.
Current Price
₹ 1,303
High / Low
₹ 1,304 / 763
Stock P/E
13.7
Book Value
₹ 616
Dividend Yield
1.09 %
ROCE
7.37 %
ROE
15.5 %
Face Value
₹ 10.0
Promoter holding
15.9 %
EPS last year
₹ 95.2
EPS latest quarter
₹ 26.3
Debt
₹ 3,41,005 Cr.
Pledged percentage
45.5 %
Net CF
₹ -11,843 Cr.
Price to Cash Flow
-8.13
Free Cash Flow
₹ -12,958 Cr.
Debt to equity
7.15
OPM last year
56.3 %
OPM 5Year
52.7 %
Reserves
₹ 46,923 Cr.
Price to book value
2.11
Int Coverage
1.53
PEG Ratio
0.88
INDUSINDBK--Consolidation??Observations::
This stock is facing resistance multiple time from the zone 1300 range,and not able to break high.
A strong fall is observed and @1250 range buyers pushed the price towards 1300 range again,
means we have sellers @ 1300 range and buyers @1250 range,
1275 range is giving support by pushing upside,wait for break of thhis to reach 1250.
so we will also follow the range bound from 1250 to 1300, until price breaks this range.
we have strong demand zone @ 1225.
INDUSINDBK--AT untested Supply zone??Observations:
-------->>the stock is trending upwards.
--------->> At previous resistance level a strong breakout with upside move is observed.
--------->> If price again take support from this zone110 level, we will observe a breakout above 1220 is possible.
---------->> from here price is reversal or continue move upwards to 1260 levels.
---------->> now price is previous untested supply zone, keep watch this levels.
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In my previous post i have given that this is a false breakdown
look at this ,
INDUSINDBK--False breakdown??Observations:
-------->>the stock is trending upwards.
--------->> previously at this level a strong consolidation with upside move is observed.
--------->> If price again take support from this zone we will observe a breakout above 1180 is possible.
look for buying In INDUSINDBK.
INDUSINDBK-Expected to be Bullish breakout @ 1170 INDUSINDBK-Observations:
----> Stock trending upwards.
----->Previously false breakout happens at this zone 1170-1185.
------>Now expected to break the Resistance and buyers take the price towards high of this zone and wanted to test supply zone at 1210-1230.
INDUSIND BANK BREAKOUTDisclaimer- The risk of loss in trading stock, future,forex and option is substantial and losses may exceed initial investments. Past performance,wherther actual or simulated, is not indicative of future results. By viewing this video you agree that decision to purchase or sell any financial product is the sole responsibility of the person initiating such a transaction, specifically you. and Wealth Depth or this Youtuber is not responsible for your decisions or their consequences. This Video is for educational purpose only.
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