INDIANB is Crossing Swing Highs on Weekly Time Frame and Daily Time Frame with RSI and MACD Trending Upwards, it has seen consistent accumulation around 489-495 Levels.With the RBI rate cut and 1.16 times Book Value, it's Looking Good for a Swing Trade
About:
INDIANB is a medium-sized bank that was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.Trade Setup:
Add Few and Buy on Dips if it holds this week's low
Target(Take Profit):
Ideally up to your Swing Apetite Levels and ATH Levels, of course.
Stop Loss:
If aiming for ATH, Current Week's Low, if aiming for More, keep 489-495 Levels in Mind.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.