good bullish structure for long-term pick!
indusindbk : 981
trade set up:
1. buy above 1062
2. keep stop loss as 908 on closing basis
3. short term targets 1130/1366/
long term targets 1598/1783/2000+
technical buy setup :
1. symmetrical triangle pattern
2. trendline
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher lows .volumes are significantly high on bullish monthly candles and below average or dry during selling . recent results ( Q ON Q ) also good enough to pick for long term .
trade set up:
1. buy above 1062
2. keep stop loss as 908 on closing basis
3. short term targets 1130/1366/
long term targets 1598/1783/2000+
technical buy setup :
1. symmetrical triangle pattern
2. trendline
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher lows .volumes are significantly high on bullish monthly candles and below average or dry during selling . recent results ( Q ON Q ) also good enough to pick for long term .
Note
1148+ target 1 doneNote
1186 high
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.
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.