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elvarsan
May 21, 2020 12:51 PM

INDUSIND BANK - Harmonics Pattern Long

INDUSIND BANK LTDNSE

Description

Go long between 330 - 310.
High probability trade and historical support at 310 as well.

Target as mentioned.

Comment

Many objecting my view on reversal between 330-310, but not willing to provide substantial support to their claim. Please provide your technical view rather than your feelings.

Trade closed: target reached

Closed 1 lot 365... and holding another lot for higher Target. Keeping Stop at todays low.

Comment

I have closed my position on ICICI Bank, IndusInd Bank, Axis Bank, Hind Petro and even Escorts (May reach target but closed early). Waiting for Cummins and ITC to reach Harmonic Level for entry...

Trade closed: target reached

Closed my 2nd lot at 400. I love closing at round figures 🤣, somehow hooked to it. It may reach T2 as well, until if it is not closing below 375 on daily candle.
Comments
emanindia1961
I think, INDUSIND BANK SHARE PRICE IS EXPECTED TO TOUCH BACK TO 211 LEVELS AGAIN.
elvarsan
elvarsan
@emanindia1961, and what happened? T1 reached
allwayswin
Moderators may please delete my above comments on Indusind bank
allwayswin
Excellent for Indusindbank. Keep it up.
UnknownUnicorn2459381
Nice waiting for a relief rally in financial sector stocks
allwayswin
Monthly chart, weekly, daily all showing negative bias.
310 is the level to be watched below which it's again short.since Longer TF is weak, every pullback in shorter Tf is an opportunity to short. I rely on MACD, stochastic, BB, strength ADX all at a glance, but much weight age on price, Macd. Trade what you see, not what you think. Mkt is much much bigger than you and me
HarmonicsInAction1
@allwayswin, Yeah yeah, i have seen many people who have been humbled by market.

Btw do you not see he has drawn line at 311 as support line? What if it reverses from there? The indicator that you mentioned, any of them are leading indicator? Then how can you rely on them? What if the MACD starts bending up when it reaches that level?

So who is thinking and trading?
elvarsan
@HarmonicsInAction1, What a day mate, Axis bank, ICICI Bank, IndusInd Bank all target reached and thats a great day! Hope you made it big bro...
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