I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.
The price is Becoming weaker by testing multiple Times at control Price, The price is COnsolidation from last month . If is continue consolidation We will see litle correcction in the price Where we will get Buying opportunity between 480-500, Rather you can buy at current level or averaging your price for target toward 550-600-650 in upcoming weeks all the banking sector are undervalued excepts some Option Pick In cosolidatin or Whatever Range bound : SELL 520 CE JULY + SELL 510 PE JULY
Today with in 15 min Indusind rocked above 560.......
saransamuel18
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i dint understand 'The price is Becoming weaker by testing multiple Times at control Price', can you explain why?
Trading_buddy
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@saransamuel18, can you saw the line which i drawn with blue color ?
when the price is touch multiple time to same price and level, then we are consider as breakout !
vickyv699
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Bro please add current situation im holding 190 shares at 523 will it move upward or i just exit my position so that i will minimise my loss
Trading_buddy
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@vickyv699,no worries if you hold it in cash my view is long in indusindbk !
It seems , it has taken the support at 500 and moving upwards to target of 540.....If today is a doji formation, then we check the upcoming days.....
vickyv699
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@Chandru06, im holding 190 shares at 523 will it be okay for holding??
Chandru06
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@vickyv699, If you bought this quantity by your own cash (instead of marginal buy)... then no need to worry , it will move above 540.... maximum low will 480 (predicted by Trading_buddy)
vickyv699
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@Chandru06, tq so much bro, i bought it with my own money 😊