[Positional] Indusind Channel Trade Long

INDUSIND BANK LTDNSE

Description

⋅ Feb 25, 2020 5:37 AM

Buy if the dotted line breaks.

It has not completed the channel and can fall more to do that. So don't buy till it does so.

Trend Analysis Chart Patterns

Comments

guducuk55

⋅ Feb 25, 2020 11:50 PM

which dotted line the upper one?

Amit_Ghosh

⋅ Feb 26, 2020 4:05 AM

@celes1, If the lower dotted line breaks then buy. Otherwise, don't buy. And if it breaks, target is upper one :) So far, not triggered.

guducuk55

⋅ Mar 10, 2020 12:17 AM

@Amit_Ghosh, WOW now it broke and with a gap down. Can you review it again?

Amit_Ghosh

⋅ Mar 10, 2020 3:31 AM

@celes1, It will follow retest theory now. I will do it in couple hours :)

Amit_Ghosh

⋅ Mar 11, 2020 9:20 AM

@celes1, Updated bro.

guducuk55

⋅ Mar 11, 2020 2:03 PM

@Amit_Ghosh, Dankeschön :)

guducuk55

⋅ Mar 11, 2020 2:04 PM

@Amit_Ghosh, If I can ask, is Indusbank fundamentally strong? These days NPA are causing lot of problems so better to know NPA or some negative news regarding NPA like yes bank will further hit the stock badly

Amit_Ghosh

⋅ Mar 11, 2020 2:16 PM

@celes1, God knows. If crap keeps falling, our trade will not trigger. If crap goes up we will catch with stop loss. It is really hard for me to comment on the fundamentals.