GaurangJoshi
Short

INDUSIND BANK LIMITED EDUCATIONAl IDEA

NSE:INDUSINDBK   INDUSIND BANK LTD
Daily chart making Lower Highs, expecting more downward momentum for September series.

Trade Plan :-
- Only consider shorting/buying put options if close below 1400.
- If above condition satisfied, Buy 1350 put option for September expiry ( CMP 45). Target - 57 / 66 / 70.
- Keep SL if daily close of spot above 1450.
- View negated if price closed above 1450 before entering.

Enter and exit only based on above conditions.

P.S :- This is published only in interest of educational purpose.
Trade active: 1350 SEP PE from 45 to high of 60 and close of 55.45. Target 1 almost reached in intraday itself.
Lets watch the price action in coming sessions.
Comment: CMP 1350.55
Comment: Touched high of 69.00 on 30th Aug. Safe players should have exited. Risky players can carry till September series. Daily chart still respecting trendline.
Comment: Touched high of 61.15, closed on 59. 14 points profit from entry. Risky players can carry till close below 1340 or square off.
Trade closed: target reached: Trading at 73 now 📈

Comments

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