Indusind Bank: Chart update - 13 Feb 14

The above chart is monthly chart of Indusind bank. Look at the period between 2009 till yesterday, in this period the stock was almost flat for a period of one and a half year between 2010 to 2012 first quarter other than that it never breached the secular trend line. This trend line was broken in August this year, but that is only for a day as shown in daily chart below.

Again the stock bounced back to higher levels. Now, the time is back again and the stock is taking support at the trend line.

Will be interesting to see if it is able to hold the trend line and move higher or this is the end of stock rally for this one.. in later case be ready for very low levels may be 300 to start with and 225 later..btw my financial analysis on stock says it is better than HDFC Bank (comparison done last time in a different post)

Disclosures: I don't hold any open position in either stocks (investment or trading)

Indusind Bank

The bank came up with excellent numbers yesterday. After the initial bad reaction the stock recovered and closed in green. The above posted chart is a weekly chart and we can easily make out that it is trading above the trend line clearly making this a buy item. I would suggest a buy trade with a target of around 349-350.

Indusind Bank Ltd

Indusind Bank Ltd
Face value Rs 10 Dividend 22%

If the stock stays above 326.2 than it should try and test 337.2

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Indusind Bank

Indusind Bank

Face value Rs 10 Dividend 22%

The day results were out and the stock did not perform I was of the opinion that this stock is not good for coming days and here we go. Yesterdays announcement RBI for the basel III requirement will hit the profitability of the banks and I thinks insiders (big investors) already knew it that probably explains the muted performance of the stock despite good results. If the markets remain in bullish mood which I thinks is the case today, the stock can look for 326. Investors should not be worried about the small issues as the banks is already maintaining healthy capital adequacy ration of 13.85% as of 31st Mar 2012.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Old calls update

BBL - Holding
Jayshree - Holding
BPCL - booked around 700 levels (Profitable)
Rpower - booked at 102.50 (Profitable)
M&M - Holding
JPA - Trailing SL hit (Profitable)
Indusind Bank - Trailing SL hit (Profitable)
Yes Bank - Holding the short position with a strict sl of 351 (Profitable)
HDIL - Trailing SL hit (Profitable)

Indusind Bank Update: 27th April 2012

Indusind Bank Ltd
Previous update: Click here

Hopefully all of you made good money the trailing sl was due to sudden increase in prices. Any case the main purpose of trading or investment is to take home profit and not to convert the profitable position in to loss and later book the loss. If the stocks open high short it again at the higher levels @ 335-337 as it is facing lots of resistance and not likely to show a up move in the near future. Happy investing.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Indusind Bank Update: 26th April 2012

Indusind Bank Ltd
Previous update: Click here

As expected the stock was not able to cross 336.5 on the closing basis and fell by more than 4 rs compared to yesterdays trade thus now a profitable trade keep a trailing sl and hold your positions.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Indusind: 25th April 2012

Indusind Bank Ltd
Previous post: Click here

As expected after initial hitch the stock moved down to find the support at the trend line. Will it be able to get the support ? I am little optimist and expect the stock to test 318 levels only if it closes below 236.5 today as well.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Indusind Bank- Update

Indusind Bank Ltd
Face value Rs 10 Dividend 22%
Last update: Click here

The stock is not able to cross the resistance as per the trend line and might consolidate at the current levels. Traders can book the position and investor can still be long on the stock.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.

Indusind Bank- Another Great Day ahead

Indusind Bank Ltd

Face Value Rs 10 Dividend 20%

The stock took the support as per the previous chart and looking good for testing 349 today.
This post is in continuation of our previous post: Previous chart of 4th April 2012