Nikhil_Tripathi

Positional_ Indusind Bank

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
1. Indusind bank can breakout from current range.
2. This maybe a breakout after around 3 years of consolidation.
3. This is a patient trade. It may require a full week or two to decide entry.
4. SL, Entry and Target will be decided afterwards.
5. My view is if it doesn't breakout (and give entry signals), It may come down to retest the "violet trendline".
6. The problem I have experienced in the banking stocks is that most of the stocks moves in direction of bank nifty . The setup in individual stocks doesn't matter that much as it should.

Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
Comment: Buying above Rs 1023, SL 995
Trade active
Comment: Target is Rs 1107; It's consolidating near resistance, it may breakout!
Trade closed: stop reached
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.