IndusInd bank is moving in channel since April. Trade from bottom of channel can be taken to top of channel. Marked buy zone, target and stop loss.
This is not a trading advise or endorsement, only an educational idea. Consult your investment manager or do your risk assessment before entering any financial position.
Trade active
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Beautiful start. Revised Stop Loss @ 515. I am being more conservative with stop loss here.
There seems to be a good chance of reversal now (65% probability roughly). The channel has been broken, but the conviction and volume is missing. I have seen reversals in such cases.
Note - my Entry now @ 505 cash position. Stop loss - 465, target 580. I'll exit if the trade doesn't hit target / SL by October end.
subhasis10
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There must be a scam in Indusind.. Everyday it tends windfalling...
Very bad counter... potentially alike condition of DHFL
Market-Thalaivaa
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@subhasis10, Do not love or hate a counter, but fall in love with charts and patterns if you want to be a good Technical Trader.
neeleshasati118
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@Market-Thalaivaa, Where can i put stoploss please suggest , i bought today @ ₹524 ( 2222 quantity )