NandanChaturvediTrade

Morning star formation at the retest levels

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
Indusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago.

I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5

Kindly note that this is not a recommendation and only for educational purposes. Consult your financial advisor before investing.