NSE:INDUSINDBK is a short candidate on 1 hour timeframe. Couple of pointers to note -
Strong bearish candlestick has been formed on this timeframe. It can give movement up to the breakdown target of 1140. Intermittent targets are reflecting on the chart One can short this stock by placing a stop loss above 1218 Looks like a good R:R trade
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor.