Tuesday, 7 January 2020

INDUSIND Bank (INDUSINDBK) Technical Levels & Price Target Analysis - 07/01/2020

INDUSIND Bank (INDUSINDBK) Technical Levels & Price Target Analysis - 07/01/2020
As per Technical analysis of  Indusind Bank (INDUSINDBK) stock is trading in Downward Channel and as per chart analysis its going on downward direction at the price of 1340-1270. Now the current price of the stock is Rs. 1461. For detailed price target analysis please read more :-

  INDUSIND Bank (INDUSINDBK) Technical Levels & Price Target Analysis - 07012020

Indusind Bank Technical Levels :-

Here is the detailed Technical analysis of Stock Indusind Bank - (NSE symbol Name: INDUSINDBK). As per the daily chart this Share/Stock is currently running in downward channel from Aug 2018. And currently this stock is trading on upper Resistance of downward price channel (And in this type of channel upper line is work as a resistance of the stock and down line is work as a support of the stock.). Now the stock is reversed after testing the upper line of the channel at the price of rs. 1595. Rs. 1558-1595 is very critical resistance level for this stock. And also on 06/01/2020 Bearish Engulfing pattern seen in the daily chart which is also supported by volume.
As per Price Action We can Sell this Indusind Bank stock at Current Market Price (CMP) for 1st Target 1340, 2nd Target 1270 with Stop loss of 1595.
And also please check the analysis on given image. Currently stock price is follow downward channel.
INDUSIND Bank (INDUSINDBK) Technical Levels & Price Target Analysis - 07012020 price

Indusind Bank Fibonacci Levels: 

Indusind Bank Stock AnalysisAs Fibonacci retracement maximum stocks are retrace from 61.8% level and  Indusind bank  is already reversed back from 61.8% level. and currently price is traded below 50% to 38%  levels and if its break this 38% level that is on Rs. 1455 then its face 23.6% (Rs.1368) level as a major Support. So also as per Fibonacci we can Sell this share at CMP with stop loss Rs. 1525 for the target of Rs. 1370.

Indusind Bank Moving Average:

Previously Indusind Bank is many time follow Daily EMA 20 and 200 as a support and resistance. And now the stock is traded below these Moving Averages. Currently Daily EMA 20 showing Rs. 1493 is a resistance level and EMA 200 is on Rs. 1472 which major resistance for this stock as per Moving Average.
Indusind Bank Stock Analysis moving avg
Indusindbk Moving Averages is also favorable in Sell side.
The volume analysis suggests a delivery based selling in the stock. An investor can take a Short  position only if the delivery based selling begins in the stock.

Indusind Bank Stock Analysis 07/01/2020

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