INDUSINDBK - Bullish for 1000?

5 days ago

TF: 75 minutes
CMP: 763.5

The script looks to be in the corrective rise ABC from the March lows.

It has now completed A and B, the C is expected to move higher beyond 890, potentially reaching the 990-1000 mark.

I have marked the internal counts for better understanding.

Breakout above 775 will be a confirmation and dips to 730-740 zones looks very good for LR entry.

Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.

5 days ago

Note

First time we are seeing a trend change sign on this counter..

Now that the 36 bar cycle is over.. we should wait for the next 10-12 bars before jumping in

2 days ago

Trade active

Price gave a dip to 735 as expected and the trade is active now with SL of swing low at 709

Lets see the price action in the coming days