ritik_patel

INDUSINDBK RISING WEDGE 1HR

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
INDUSINDBK is in a rising wedge pattern & looks like it is about to give a breakout. We can trade INDUSINDBK for intraday as well as hold it for positional trade as it looks bullish & is contributing in the rally of BANKNIFTY . We can initiate a long position as soon as the high of breakout candle is crossed & SL will be the swing low. It will be better to take trade in 15min timeframe as that will give us a perfect entry point and a small SL. Always remember to plan your SL before taking any trade as it will help you in holding the trade and getting maximum profit out of it. Trail your SL and enjoy the profit. Risk management is the key to success in stock market. Happy Trading!