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NeeteshJain

Indusind Bank Trending Up in Channel

Long
INDUSIND BANK LTD (NSE:INDUSINDBK)  
NeeteshJain Updated   
NSE:INDUSINDBK   INDUSIND BANK LTD
indusind BANKNIFTY
15
5
indusind banknifty
It is been observed on the hourly chart that the price action is trending in upward channel indicating a further move up to the previous resistance levels of 1112-1120.

Target: 1108
Stoploss: 1060
Risk Reward 1:1
Trade active
Trade active
Comment:
It did reach the target but with a shocking downward move. Regards
Trade closed: target reached:
Target reached successfully, as marked. Regards
Comment:
Real TIme: Formation of Pennant Continuation Pattern.

snapshot

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