rachanak

NEVER TRY TO GO AGAINST TREND FORCIBLY

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
INDUSIND HAS BEEN PERFORMING WELL AS COMPARED TO THE WORST HIT STOCK DURING COVID RAIN , BULLISH DAILY BODIES FORMATION BACK TO BACK + RSI CONSISTENTLY ABOVE 60 & 80, BUT THIS SHOULD NOT TEMPT WE TRADERS TO THINK THAT NOW IS THERE POSSIBILITY FOR A U- TURN OR A PROFIT BOOKING DAYS --------------------I WOULD SAY MIGHT NOT BE AS OF NOW LOOKING AT THE LONG BUILD UP AND SHORT COVERING HAPPENING IN TODAY'S DATA = FRESH + CHANGE IN OI IN PUTS SIDE AND NEGATIVE CHANGE IN CALLS SIDE + GUD DIFFERENCE IN TOTAL CALL:PUT SIDE - FAVORING BUY SIDE STILL .... LOOKING AT OI DATA - IT WOULD BE BURNING HANDS TO TAKE A SHORT TRADE -------------- IT SEEMS LIKE PUTTING RETRACEMENT THEORY ON CHARTS STILL 2 LEVELS TO BE ACHIEVED BEFORE WE SEE A FALL IN SCRIPT UNLESS SOME HUGE DATA CHANGE HAPPENS IN OPEN INTEREST CHAIN PLATFORM......

disclaimer - do your own study before investing.

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.