IndusInd Bank: Possible swing move on the cards?
Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.
Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.
Daily is in nice uptrend. We need a clear break from the Daily TL and price to make a LL. Once price closes below 1320, we can look to go positionally short on a pullback and 75min TF confirmation.
Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.
Daily is in nice uptrend. We need a clear break from the Daily TL and price to make a LL. Once price closes below 1320, we can look to go positionally short on a pullback and 75min TF confirmation.
Order cancelled
No break of Daily Trendline. Price continues its upward move. So, no trade entry here.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.