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indusind bank looks bullish in short to medium term.
INDUSIND BANK LTD
Long
indusind bank looks bullish in short to medium term.
By ParamjitMahapatro
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Updated
Aug 25, 2017
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Aug 19, 2017
In longer time frame it is in strong uptrend.
In daily, hammer formed near ascending channel support.
with a sl below the channel support, one may aim for previous swing high, then channel resistance.
Aug 23, 2017
Trade active
till now 1626.30
Aug 25, 2017
Trade active
moving up as expected , till now 1667.70
Sep 2, 2017
Trade active
big move on fri, closed at 1692.35
Sep 9, 2017
Trade active
price is riding upper BB and BB is expanding. also price recently crossed previous peak and in all time high zone.
Sep 11, 2017
Trade closed: target reached
big move today, all targets achieved here, it reached the channel resistance.
in.tradingview.com/x/6mNE7Qib/.
all tgts achieved today,
Also one can still hold it, as it is quite bullish.
Ascending Channel
Bullish Patterns
Chart Patterns
Hammer
support
Trend Analysis
uptrend
ParamjitMahapatro
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