INDUSINDBK | Near Resistance
• Resistance from 1200 to 1219 (Gap Zone) , can act as big hurdle for price. we are trying to catch top here.
• This trade seems very risky . to decrease this risk if price show reversal after touching a resistance at 1200 . then we will be safe to enter .
May there will be possibility that price will not going to give second chance . Although analysis idea published so early to be alert for it's activation.
• Entry:- 1183.80 break
• Downside Supports can become our targets.
Targets :- 1172.85
If sustain below trendline and first target which is 1172.85 , we can see more moves downside towards 1146.90 , 1131.95 , 1117
• Stop Loss / SL :- for shorttime short trade 1190
for longtime short trade 1203 Resistance zone (for this see position tool used on chart)
• This trade seems very risky . to decrease this risk if price show reversal after touching a resistance at 1200 . then we will be safe to enter .
May there will be possibility that price will not going to give second chance . Although analysis idea published so early to be alert for it's activation.
• Entry:- 1183.80 break
• Downside Supports can become our targets.
Targets :- 1172.85
If sustain below trendline and first target which is 1172.85 , we can see more moves downside towards 1146.90 , 1131.95 , 1117
• Stop Loss / SL :- for shorttime short trade 1190
for longtime short trade 1203 Resistance zone (for this see position tool used on chart)
Trade active
Short time intraday trade is activatedNote
Short time intraday trade is activated.Target given already 1172
Note
SL hitNote
2nd trade given the first target . As action of whole markets is bullish , so be cautious of reversal upside . and book profits on every step.
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