AbhishekHSinghCMT

Indusind Bank: Tops The Stops -Misses Street Estimate High-1585

Short
NSE:INDUSINDBK   INDUSIND BANK LTD
Idea getting time to upload so status update was put

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Status Update as of 08:54 Hrs / 15th Jan 2020

08:54 Hrs / 15th Jan 2020 - Happy Makar Sankranti - Indusind Idea getting uploaded. Depends on uploading time. Risky Traders - looks to fall below 1580-1600 zone so stops above 1600 / safe traders sell below 1440/1395 for lower targets. Thanks
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Trading Strategy


Risky Traders
Sell on open with strict stops above 1600 or wait to sell on bounce but avoid selling if crosses 1585 - later put stops above 1600

Target 1 - 1350
Target 2 - 1250
Target 3 - 1185
Target 4 - 1035

Safe Traders
Sell only below 1440 & later continue sell if falls below 1385 else avoid selling & book partial profits - have a look at risky traders strategy.
Targets are same as mentioned for Risky Traders above.

Wish You All A HAppy Makar Sankranti !!!
Trade active: 15:21 Hrs / 15th Jan 2020

Last Price @ 1393

Congrats !!! All Sellers - Together we can make the difference - Thanks

In the zone 1385-1395 zone - If goes below " Safe Traders will also join the sell"

Risky Traders they can book profits for the day if fails to drop more below 1385 or continue sell below 1385 downside as suggested in main idea above.

Trade active: 09:45 Hrs / 17th Jan 2020

Last Price@1355

1st Target done to 1350 - Day low @1320

Trade closed manually: 1st Target Achieved at 1350 - Thanks
Trade closed manually: 19:50 Hrs / 31st Jan 2020

Last Price @1258

2nd Target Reached at 1250 from the Tops of 1460 Highs - Last Snapshot for The Stock.


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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