INDUSIND BANK TRADE PLAN: 06 JUL 20 ONWARDS

Indus Ind Bank
04 Jul 20
Consolidation range – 530.45-461 and further compression in price is likely with decrease in volume. Possible breakout to the upside can be witnessed in the coming days.

Trade Plan:

Buy – 515.85
Target 1 – 558.45
Target 2 – 582.60
Target 3 – 615.55
Strict stop below 445.75

R:R – 1.42:1 @T3

Be Proactive Trader

Better Insight, Better Trade Execution

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field

Comment:

Current Cash position standing as of 08 Jul 20 1404hrs

For Swing/Positional trade entry triggered as planned 515.85, target 1 hit @ 558.45 approaching target 2 of 582.60


Options standing as of 08 Jul 20 1404hrs

Option 1 Trade Plan Current Position P&L
Sell 450PE 20.55 7.90 +12.65
Buy 410 PE 9.6 4.50 -5.1
Profit on Option 1 +6040

Option 1 Trade Plan Current Position P&L
Sell 430PE 14.35 6.5 +7.85
Buy 400 PE 7.8 3.65 -4.15
Profit on Position 1 +2960