Can 2025 Be A Reversal For INDUSINDBK?

4 Jan

INDUSINDBK has been falling since 1700 rupees and is all the way down about 50% from the last swing low. Recently the bank has shown a short term crash like structure where a Divergence build-up usually results in a reversal.



The 61.8% level which is considered a good retracement level is still far below at 780. But considering the current sharp fall, the divergence buildup, and 50% retracement, it might not be a bad idea to enter an early buy position.

Currently the major challenge for this bank is 1000 level which is somehow acting as a psychological resistance. 925 can be a hard stop with reconsideration of second buy at 780.

~ Trading Idea by Dr. Sagar Bansal via jyotibansalanalysis

5 Jan

Nota

Disclaimer: I hold a position in this at an avg buy price of 973.35

6 Jan

Nota

Swing Trade - I am also tracking this bank For Swing Trades In Between. One of them is shown in the image below.



The bank is taking support on the blue trendline. It is above the downward channel as of now. All these things can help in understanding the whole picture. Some people might consider an early soft stop loss as well around 950 as the bank would then enter the downward channel again. Some might even consider a stop loss at the breach of this blue trend line. This totally depends on the time-frame one is trading on.

6 Jan

Nota

Swing Trade - I corrected the support line a bit as the bank is in a critical trading zone now. I see an immediate buy opportunity but with caution and another one below it.



The BB is too wide. Probably one can wait till it contracts and the stop loss becomes small.

6 Jan

Nota

Swing Trade - The day is about to end and the BB has yet not contracted.



Caution - Do not confuse hourly chart swing trade notes with initial analysis which is on daily chart. These swing trade notes are simply my thoughts of any in between small trades. I already hold my initial daily chart position.