Rajesh_S

INDUSIND BANK - Long

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
Reasons for Long:

1) About to give an inverse Head and Shoulders breakout from major Resistance zone .
2) Bank NIFTY trying to catch up with NIFTY 50 in uptrend.

Entry - Upon Breakout of Resistance with good volume (double the average volume ). Ideal entry 528 to 530.

SL and Exit - Can trade with 1:1 RR ratio.

Note: Watch Bank NIFTY closely for it's trend.
Trade active
Trade closed: target reached

Comments

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