architk

Indusind Bank

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
script was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks.

Enter accordingly near 1010-1015
Tgt for 1130/1185
SL of 950

Though with high volatility in markets now-a-days, and where many breakouts failed frequently and miserably. We should control the position size in such breakouts according to current market structure.

Happy Trading :)

Disc: Chart posted only for learning purpose.

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