INDUSIND BANK BIG TRADE ON THE CARDS
-stock has just started to gain movement
-a close above 978 on dialy chart simply opens a target towards 1045-1135
-have a look on daily chart/weekly chart given below
-we are now trading above the 38.2% retracement on weekly chart
-50% retracement is the next logcial target but look at the chart closely
-rectangle formation which lasted for 1 year on weekly chart
-once broken stock went on to make all-time high
-just concentrate on the short-term target of 1043-1135
-stock has no resistance between 1040-980
-tomorrow we have a weekly close so pay attention
-wait and watch dont cry if you miss out in the initial burst
-stock will hit an round number of 1000
-what you want is a close above 978-980 on weekly chart to sit long and ride the rally
weekly chart
daily chart
-a close above 978 on dialy chart simply opens a target towards 1045-1135
-have a look on daily chart/weekly chart given below
-we are now trading above the 38.2% retracement on weekly chart
-50% retracement is the next logcial target but look at the chart closely
-rectangle formation which lasted for 1 year on weekly chart
-once broken stock went on to make all-time high
-just concentrate on the short-term target of 1043-1135
-stock has no resistance between 1040-980
-tomorrow we have a weekly close so pay attention
-wait and watch dont cry if you miss out in the initial burst
-stock will hit an round number of 1000
-what you want is a close above 978-980 on weekly chart to sit long and ride the rally
weekly chart
daily chart
Trade active
finally an attempt to break above 977-980
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